Case Study 6 of 8: Qualifying as a designer of energy-efficient properties
Case Study 6 of 8: Qualifying as a designer of energy-efficient properties The framework of Internal Revenue Code §179D has guided property owners in establishing whether their projects have achieved the necessary energy and power cost savings to claim a tax deduction. Last year, this updated deduction became permanent through the passage of the […]
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 […]
Case Study 4 of 8: Qualifying as a designer of energy-efficient properties
Case Study 4 of 8: Qualifying as a designer of energy-efficient properties For nearly two decades, IRC §179D has provided a tax deduction to property owners who install qualifying energy efficient commercial building property (EECP). Initially part of the Energy Policy Act of 2005, this deduction has become permanent and updated through the passage […]
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 Opportunity for Larger §179D Deductions Without Prevailing Wage Qualification
Once of the biggest changes to occur with IRC Section 179D and 45L credits is the use of prevailing wage and apprentice-based project labor, which occurred with the passage of the Inflation Reduction Act in 2022. Projects placed in service after December 31, 2022, now have a two-tiered deduction with projects meeting the prevailing wage […]
