Inflation Reduction Act of 2022 makes Major Changes to §179D and §45L Energy Tax Incentives.
We are excited to announce that the Inflation Reduction Act (IRA) of 2022 has drastically improved and expanded §179D Energy Efficient Commercial Building Tax Deduction and Extended and increased the §45L Tax Credit for Energy Efficient Homes. The new bill signed into law is full of exciting opportunities for energy-efficient buildings and homes! A […]
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 […]
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 prescribed […]
