Are you a tax-exempt or government building owner gearing up for energy-efficient retrofit projects or planning new construction in 2023 or beyond? At Walker Reid, we understand the unique challenges and opportunities that come your way. Our Preconstruction Department is your trusted partner in navigating the intricate landscape of tax incentives, with a special focus on the expanded opportunities brought by the Inflation Reduction Act, specifically the §179D Tax Deduction and IRA opportunities. We are here to ensure that you make the most of these significant financial advantages for your projects.
The Inflation Reduction Act has significantly expanded the scope of the §179D Tax Deduction, also known as the Energy Efficient Commercial Building Deduction, presenting a compelling opportunity for building owners seeking to invest in energy-efficient enhancements. It serves as a potent tool for tax-exempt and government organizations, helping them reduce costs and bolster sustainability. Walker Reid’s expert team specializes in guiding tax-exempt and government building owners through the complexities of this deduction, maximizing savings while meticulously adhering to IRS regulations.
Our dedicated experts also assist you in exploring the Investment Tax Credit (ITC) and Renewable Energy Credit (REC) opportunities inherent in your energy-efficient retrofit or new construction projects. With the expanded scope of incentives under the Inflation Reduction Act, we meticulously evaluate your eligibility and project scope, identifying and leveraging these valuable incentives to enhance your financial returns.
Walker Reid’s Preconstruction Department functions as your strategic ally throughout the project lifecycle. We work closely with tax-exempt and government building owners, as well as government agencies, to streamline the application process, allocate tax deductions efficiently, and optimize your financial outcomes.
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