Case Study 2 of 8: Qualifying as a designer of energy-efficient commercial building properties
Case Study 2 OF 8 Qualifying as a designer of energy-efficient commercial building properties Developers and owners of commercial buildings have been qualifying for IRC §179D, a section of the IRS code that provides a deduction for integrating energy efficiencies in buildings, either through new construction or retrofits. Recent changes to §179D are included in […]
Case Study 1 of 8: Qualifying as a designer of energy-efficient commercial building properties
Case Study 1 OF 8 Qualifying as a designer of energy-efficient commercial building properties Published as part of the Energy Policy Act of 2005, the IRC §179D provides the framework for establishing that the necessary energy and power cost savings occur to claim the deduction. Though more than 15 years have passed since this […]
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 […]
How To Maximize 179D Benefits
If you are a business owner or professional contractor/engineer, you are aware of the high cost that taxes can incur on your business proceeds. Many legal provisions provide for tax cuts. The Energy Policy Act (2005), Section 179D, consists of a provision for tax deduction applicable to energy efficiency modifications to commercial buildings. Under this […]
Quick Facts about Section 179D
Section 179D of the IRS Tax Code is one of the most interesting and surprisingly underused tax deductions available. The best part about 179D is its actual requirements. Your qualifying building will have a lower operational cost as a result of meeting the 179D standard. So why are most people not making use of this […]
Section 179D: Energy-Efficient Commercial Building Deduction
It is estimated that only 10 percent of qualifying projects take advantage of the 179D deduction. The Commercial Building Deduction, a part of the 2005 Energy Policy Act, encourages owners of commercial buildings reduce their energy consumption with a tax incentive which in turns also reduces building energy costs. How 179D Works Owners of commercial […]
Qualification and Eligibility for Section 179D
Section 179D was intended to enhance the US’s energy independence by reducing the energy consumption in areas where it is needed the most: commercial buildings. Additionally, it aims to reduce energy consumption in governments buildings by allowing the AEC industry to claim the federal tax deduction. Here are some ways in which owners of commercial […]
Negotiators have reached agreement on extending Section 179D
House Speaker Paul Ryan, R-Wis., announced to Republican lawmakers at a conference meeting late on December 15 that negotiators have reached agreement on a tax-extenders package worth approximately $800 billion. This 2-year package will extend the 179D Tax Deduction retroactively for 2015 and make the incentive current for 2016. In addition to extending the expired […]
Parking Garages and Tax Deductions Under Section 179D
It is a known fact that tax incentives are offered for owners of buildings who are energy-efficient. However, many people don’t know that Parking Garages are also included in building category of Section 179D, and the federal government has clarified this issue in the IRS Notice 2008-40 Sec.6. As a result, building and parking garage […]
3 Tips to Help Architects Win A Greater Number of Bids
Securing bids is a challenge for many Architects. In this blog, we will discuss 3 ways in which architects can win more bids. Pre-Construction Planning Tax credits and deductions on commercial buildings and projects can be gained through meticulous pre-construction planning and extensive design analysis. An architect can examine a building’s components to identify those […]
