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.