Understanding the 179D Process
People often wonder how the 179D certification process works. The process itself is relatively complex, but when working with the right engineering firm, like Walker Reid Strategies, you can rest assured that it will be completed as smoothly as possible.
Private Company Headquartered in San Jose, CA Saves Big
We love to share the success stories of our customers. We have had the pleasure to work with a private company headquartered in San Jose, California. This company has provided electrical engineering services and constructions services for more than 60 years. They are ranked one of the largest specialty contractors in the nation. They installed […]
Getting Higher Returns from Your Real Estate Investment
The majority of people who own buildings are experienced business people who have intentions of maximizing the return on investment (ROI). As surprising as it may be, only a few of them attempt to enhance the ROI through reduction of operating costs as well as reduction of tax obligation. As energy prices continue to rise, […]
Eliminating Bi-Level Requirements for the 179D
Section 179D allows for several methods to be used to qualify for the incentive. The rules are colloquially named as the Interim Rule and the Permanent Rule. The Permanent Rule allows several different combinations to qualify partially for the deduction. For lighting purposes, it requires a complex energy model to be simulated, and the energy […]
New Senate Bill Sheds Light on Future Reforms
Last Tuesday, September 22, 2015, the Senate Energy Committee has released their latest proposed energy tax legislation. This comprehensive energy bill seems to focus on more aggressive incentives than previous iterations. In addition to its extensive list of changes, the bill proposes changes to Section 179D. If enacted the 179D would become two new […]
Full-Service Contractor Completes Energy-Reducing Project in California Schools
Embracing energy-efficient, greener working processes plays a crucial role in combating carbon footprints for businesses, organizations, and educational institutions across the States. Now, California schools have adopted an impressive new eco-friendly scheme to reduce the impact their everyday operations have on the environment. In November 2012, voters in California approved two measures to handle better […]
179D Opportunities for HVAC Contractors
A simple but powerful tax provision could be putting money into the pockets of HVAC contractors/designers and building owners. This obscure tax deduction is known as 179D, and it was originally passed under the Energy Policy Act of 2005. The tax incentive rewards building owners and contractors who make their commercial systems conform to […]
179D July Updates
Have you heard that 179D is considered to be one of the best energy tax provisions to save jobs and careers? This tax deduction section focuses on Energy Efficient Commercial Buildings. There have been even more proficient proposed updates that allow additional savings over a longer period. This tax break not only benefits businesses, but […]
179D Extension 2015 update
In some exciting news, on Tuesday July, 21st 2015 , the Senate Finance Committee released “Modifications of the Chairman’s Mark”, which included the extension of and some changes to Section 179D. The modifications made are part of the inclusion of a proposed two-year 179D extension into the base text of SFC’s tax extenders package. The proposed […]
New Proposed 179D Extension
Tomorrow, Tuesday, July 21 at 11:00 AM ET, a two-year extension of Section 179D is included in the base text of the tax extenders legislation to be considered by the Senate Finance Committee. Chairman Hatch has scheduled a markup for this time, according to the SFC website. This new legislation will be providing an […]
