Case Study 7 of 8: Qualifying as a designer of energy-efficient properties
Case Study 7 of 8: Qualifying as a designer of energy-efficient properties While taxpayers often first think of HVAC and building envelope improvements when considering qualifying §179D energy and power cost savings, lighting improvements can also qualify. Of the eight factual case studies the IRS released in Memorandum AM 2018-005, the seventh scenario examines […]
What is the new Form 7205?
There’s an important paperwork change for filing the Section 179D Energy Efficient Commercial Building Deduction. On Jan. 11, 2023, the IRS published the new Form 7205 for taxpayers interested in claiming this deduction. What is the new Form 7205? The new form provides taxpayers with a new place to calculate, document, and claim […]
Case Study 5 of 8: Qualifying as a designer of energy-efficient properties
Case Study 5 of 8: Qualifying as a designer of energy-efficient properties Construction contractors and designers are very interested in requesting the IRC §179D deduction from owners of qualifying energy efficient commercial building properties (EECP). This tax deduction, which was initially part of the Energy Policy Act of 2005, has become permanent and updated […]
Integrate Section 179D into the Early Stages of Non-Profit Design
Integrate Section 179D into the Early Stages of Non-Profit Design Like their commercial counterparts, non-profit building owners also pursue building and renovation projects. But when it comes to Section 179D deductions, they have more in common with governmental entities. As non-profits are non-tax paying entities, they cannot qualify for tax deductions. While their building […]
The Steps to Obtaining a Section 179D Allocation from the GSA
The Steps to Obtaining a Section 179D Allocation from the GSA The General Services Administration (GSA) plays a crucial role in allocating Section 179D deductions for government building projects. Under the Energy Policy Act of 2005, commercial building owners and tenants can claim tax deductions for specific energy efficiency projects made to their properties. […]
Case Study 3 of 8: Qualifying as a designer of energy-efficient properties
Case Study 3 of 8: Qualifying as a designer of energy-efficient properties Nearly two decades after IRC §179D was published as part of the Energy Policy Act of 2005, this deduction remains a top priority in building projects. With the enhancements that have occurred through the passage of the Inflation Reduction Act of 2022, […]
The Lifesaving Benefits of Offshore Wind Power
There’s been a push globally to “go green” in the energy sector. Science has pointed to a rising number of parts per million of gases that, when released in large quantities, significantly deteriorate our atmosphere and create a volatile climate. This climate change is largely linked to the emissions from non-renewable energy sources. That’s why […]
Breakthrough: Energy-saving Air Conditioner Developed
A new water-based air-conditioning system which can cool air to as low as 18 degrees Celsius without the use of energy-intensive compressors and environmentally harmful chemical refrigerants was developed by a team of researchers from National University of Singapore (NUS) This innovative technology might eventually replace the already existing air-cooling principle that is being used […]
Easy Ways to Go Green in 2018
If you planned exciting changes for this year and to become green is one of them, Sun Rise Power and Gas Company Philadelphia provides a green energy alternative in Pennsylvania. Here you will find some interesting ways to go about it. You can choose as much as you need to help to protect the environment. […]
Which Type of Energy Upgrade Offers the Best ROI?
When thinking about selling your house, you might also consider some home renovations. However, you need to make sure your improvements lead to increase the value of the house. It is worth to evaluate some upgrades to offer a reliable Return on Investment (ROI) If you want a very reliable company for this renovations Home Remodel […]
