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.
Apartment Building Owners
Apartment building owners, inspectors, and investors are encouraged to have cost segregation studies performed on their buildings in order to improve their federal tax credit savings, and increase their cash flow. The study is beneficial for almost any commercial building that has been constructed, acquired, or renovated, and is done to identify building systems and components that qualify for accelerated deductions.
When an apartment complex is bought, the costs are typically broken down between land and building. Through our cost segregations studies, properties can be reclassified from a standard 39 years depreciable life to a 5, 7, 0r 15 year depreciable life.
When Should a Cost Segregation Study Be Done?
- After the purchase of an existing complex
- After the construction of a new apartment complex
- After the renovation, remodeling, restoring, or expansion of an apartment complex
- You paid for leasehold improvements
Contact us for a free assessment.
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