Improving Energy Efficiency in Construction Projects
The construction industry significantly impacts the environment, but there’s a growing movement toward sustainability that builders, contractors, and developers simply cannot ignore. The path towards promoting energy-efficient building practices is by utilizing tax incentives such as §179D and §45L, crucial in offering substantial financial benefits to those who adopt sustainable practices. The Impact of §179D […]
Inflation Reduction Act -IRS Issues Announcement Updating ASHRAE Standard 90.1 for 2028 and later
IRA UPDATE -IRS Issues Announcement Updating ASHRAE Standard 90.1 for §179D On May 17th, 2024 the Internal Revenue Service Issued Announcement 2024-24, 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 […]
The Impact of §179D Deduction on Tax Exempt Buildings
The landscape of tax benefits for energy-efficient construction has undergone a significant transformation in 2023 with the updates to Section 179D. In this blog, we will explore how this program empowers tax-exempt organizations and unlocks exciting opportunities for design professionals like architects, engineers, and design-build contractors. §179D Changes 179D is a deduction that incentivizes energy-efficient […]
How §179D Deduction is Driving Sustainable Growth & Development
In a world grappling with climate change, sustainable development has become vital to our collective future. At the intersection of environmental responsibility and economic incentive, §179D Deduction of the Internal Revenue Code is emerging as a potent catalyst for sustainable commercial building growth. At Walker Reid, we are committed to helping businesses navigate the intricacies […]
Benefits Beyond Energy Savings: Exploring the Comprehensive Impact of §179D for Sustainable Designs
Sustainable design is a critical component of contemporary architecture rather than a niche idea. However, adding these components to your project can result in significant deductions. By working with a company like Walker Reid, you can take advantage of government tax incentives that encourage the use of environmentally friendly and energy-efficient building techniques. Rewards for […]
Architects & Engineers Handbook to Claiming the §179D Deduction
Internal Revenue Code §179D provides financial incentives to architects, engineers, and design-build contractors for energy-efficient design work for tax-exempt buildings. Many businesses are concerned about prospective changes to the tax law, particularly concerning significant sections like carried interest, capital gains, 1031 exchanges, and more. Thanks to a move by Congress, an architect and engineering firm-often-ignored […]
Private Workshop Case Study: Commercial Building Owner
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Private Automotive Facility Case Study: Commercial Building Owner
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Private Workshop Case Study: Commercial Building Owner
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Private Hospital Case Study: Commercial Building Owner
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