Kevin Sullivan, P.E., LEED AP BD+C
There is a federal tax incentive that can put money back in your pocket so your business can continue to build, innovate, create jobs, and most of all stay competitive. The 179D Energy Efficient Commercial Building Deduction pertains to the design and installation of the following systems in commercial buildings:
• HVAC and Hot Water
• Interior Lighting
• Building Envelope
By taking advantage of this incentive, your business may be qualified to receive up to $1.80 per square foot in deductions for eligible property placed into service through 2014. Let’s look at some examples to put that in perspective:
Building Owners – The Energy Efficient Commercial Building Deduction is available to building owners who install energy efficient property or make qualifying energy efficient improvements to their commercial buildings, which include industrial, retail, office, warehouses, parking garages, and mid-to-high-rise residential buildings. This should be a part of your tax strategy so you aren’t leaving money on the table.
Architects, Engineers, and Contractors – You don’t have to own a building to qualify! Architects, engineers, contractors, and energy performance contractors of government owned buildings (local, state, and federal) such as schools, university buildings, libraries, airports, jails, or post offices qualify for tax deductions under a special provision for public property. I’ve leveraged my experience in the design and construction industry to help hundreds of companies take advantage of this incentive.
Value & Verification – Maximizing your benefit is important to both you and BRAYN Consulting. There are numerous ways to obtain a deduction, and many different levels of deductions depending on the scope of work and calculated energy efficiency. For architects, engineers, and contractors, BRAYN helps secure the allocation letter from the government agency – the critical path to a successful study. And you can rest assured that all projects will be certified by a licensed professional engineer, as required by the law.
Contact Kevin today for a no-cost, no-obligation Phase 1 assessment to determine if your client or company could be eligible for the 179D Tax Incentive.