Taking Advantage of Section 179D Energy Tax Deduction
The Energy Policy Act of 2005 created the Energy-Efficient Commercial Buildings Tax Deduction (Section 179D). It is intended to reduce the initial cost of investing in energy-efficient building systems via an accelerated tax deduction. Today, most building code requirements call for much higher energy-efficiency standards, so there is a good chance that your new construction projects will qualify.
Building owners and lessees who make energy-efficient improvements to their commercial buildings
Architects, engineers and contractors engaged in the design work of federal, state or local government-owned buildings
Qualifying businesses can receive up to $1.80 per square foot in deductions for eligible projects placed into service any time from 2006 to 2016
Includes energy improvements covering lighting, HVAC and building envelope projects
Provides the ability to go back three years to receive the benefit