Commercial Building Owners
Commercial building owners that take steps to reduce their building’s energy consumption and focus on green initiatives, can reward their efforts by applying for the 179D Energy Efficient Tax Deduction. Through the Green Act 2019 deduction, qualifying companies can claim as much as $1.80 per square foot for each building.
Qualifying energy-saving systems include
- Hot water systems
- Building envelope systems
- Heating, ventilation, and air conditioning (HVAC)
- Interior lighting systems
- Insulation in ceilings, walls, floors, and roofs
- Lighting sensors and controls
The amount of money a business owner is able to deduct from their taxes depends on the size of the building that is being examined.
Construction
Building owners who incorporate energy-saving elements into their construction and operational plans are able to immediately apply for the 179D deduction, even before they break ground on the new building
Renovations
179D can be claimed by building owners who have made renovations to reduce the energy consumption of recently acquired or already owned buildings. Qualifying renovations can include updating hot water, heating, or lighting systems.
Contact us for a free assessment.
Commercial Building Owners
Commercial building owners that take steps to reduce their building’s energy consumption and focus on green initiatives, can reward their efforts by applying for the 179D Energy Efficient Tax Deduction. Through the Green Act 2019 deduction, qualifying companies can claim as much as $1.80 per square foot for each building.
Qualifying energy-saving systems include
- Hot water systems
- Building envelope systems
- Heating, ventilation, and air conditioning (HVAC)
- Interior lighting systems
- Insulation in ceilings, walls, floors, and roofs
- Lighting sensors and controls
The amount of money a business owner is able to deduct from their taxes depends on the size of the building that is being examined.
Construction
Building owners who incorporate energy-saving elements into their construction and operational plans are able to immediately apply for the 179D deduction, even before they break ground on the new building
Renovations
179D can be claimed by building owners who have made renovations to reduce the energy consumption of recently acquired or already owned buildings. Qualifying renovations can include updating hot water, heating, or lighting systems.
Contact us for a free assessment.
Restaurant Owners
Restaurant owners who are building or remodeling their property can reduce their federal tax liabilities through a cross segregation study. Restaurant owners are able to benefit from Cost Segregation studies by increasing their cash flow, and lowering federal tax burdens.
Qualifying items that can be reallocated
- Carpeting, vinyl, and epoxy flooring
- Canopies and awnings
- Kitchen equipment gas systems
- Sound systems
- Equipment related electrical and plumbing connections
- Decorative light fixtures
- Kitchen storage and preparation equipment
Contact us for a free assessment.
Fill out the form to receive more inforation