Walker Reid Strategies

Busting Common Misconceptions: §179D Only Applies to New Buildings

Reality: Renovations are a Game-Changer Too! The truth is that §179D is not exclusive to new constructions; it extends its benefits to renovations as well. This misconception has left many property owners unaware of the potential benefits awaiting them when making energy-efficient upgrades to their existing commercial buildings. Under §179D, property owners can qualify for […]

Busting Common Misconceptions: The Efficient Reality of §179D Site Inspections

In the realm of energy-efficient building projects, the Section §179D tax deduction is a hot topic. It offers deductions for energy-efficient improvements in commercial buildings. However, a prevalent misconception about the required site inspections for §179D qualification exists: they’re often viewed as intrusive and time-consuming for site personnel. Let’s demystify this and reveal the actual […]

Case Study 8 of 8: Qualifying as a designer of energy-efficient properties

Case Study 8 of 8: Qualifying as a designer of energy-efficient properties    Our final review of the IRS case studies in Memorandum AM 2018-005 wraps up our series examining eight scenarios that help clarify the confusion that can surround a successful §179D tax deduction allocation.   As IRS §179D tax deduction allocations have been […]

Case Study 7 of 8: Qualifying as a designer of energy-efficient properties

Case Study 7 of 8: Qualifying as a designer of energy-efficient properties    While taxpayers often first think of HVAC and building envelope improvements when considering qualifying §179D energy and power cost savings, lighting improvements can also qualify. Of the eight factual case studies the IRS released in Memorandum AM 2018-005, the seventh scenario examines […]

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, […]