Inflation Reduction Act -IRS Issues Announcement Affirming ASHRAE Standard 90.1 for §179D
On December 23th, 2022 the Internal Revenue Service Issued Announcement 2023-01, affirming the applicable standards to be used for §179D Energy Efficient Commercial Building Tax Deduction, starting January 1st, 2023.
The announcement clarifies that the reference standard to be used for projects being placed in service until 1/1/2027 will be ASHRAE 90.1-2007. See the table below for the applicability of the reference standards in the past and moving forward.
The full text is available here for your review but some of the key points brought about as part of this announcement are the following.
If you have any questions, or concerns, or would like to discuss how we can get your projects certified please contact us today to schedule a call.
About the Author;
David Diaz is a partner at Walker Reid Strategies, a licensed professional engineering firm specializing in performing §179D studies and §45L certifications. Mr. Diaz is an expert in energy efficiency and specialty tax services who shares his insights at www.walkerreid.com and online through webinars. For more information, contact him at ddiaz@walkerreid.com.
