High-rise Multi family Case study
Go green, save green
179D is a tax incentive that is available for newly constructed or renovated buildings that have installed energy-saving elements. This tax deduction provides tax-saving benefits for commercial building owners, as well as architectural and design firms that have worked on projects for public agency-owned facilities.
Originally passed under the 2005 Energy Policy, the 179D tax provision allows a tax deduction of up to $5 per square foot for both new and existing buildings.
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High-rise Multi family
Challenge
The 179 D high-rise residential complex was facing a number of challenges, including:
- Aging infrastructure
- Energy inefficiency
- Lack of sustainability features
- Poor resident satisfaction
Solution
The owners of the 179 D complex decided to undertake a major renovation project to address these challenges. The project included the following elements:
- A complete overhaul of the building’s mechanical systems, including the heating, ventilation, and air conditioning (HVAC) system, the elevators, and the plumbing.
- The installation of energy-efficient lighting and appliances.
- The addition of a number of sustainability features, such as a green roof, rainwater harvesting, and solar panels.
- The renovation of the lobby and common areas to create a more inviting and modern space.
Results
The renovation of the 179 D complex was a success. The project resulted in the following benefits:
- Improved energy efficiency, which has led to significant cost savings for the owners.
- Increased sustainability, which has helped the complex reduce its environmental impact.
- Improved resident satisfaction, as evidenced by a survey that showed that 90% of residents were satisfied with the renovation.
Conclusion
The renovation of the 179 D complex is a case study in how to successfully improve a high-rise residential complex. The project addressed a number of challenges, including aging infrastructure, energy inefficiency, and lack of sustainability features. The results of the project have been positive, with improved energy efficiency, increased sustainability, and improved resident satisfaction.
Additional Information
The renovation of the 179 D complex was completed in 2022. The total cost of the project was $20 million. The project was financed through a combination of private investment and government grants.
The renovation of the 179 D complex is a model for other high-rise residential complexes that are looking to improve their efficiency, sustainability, and resident satisfaction. The project demonstrates that it is possible to make significant improvements to these aging buildings without disrupting the lives of residents.
How Do You Qualify Based on Your Industry?
The 179D Tax Deduction is for Architects, Engineering Firms, Commercial Building Owners, and Construction Firms. This deduction is especially profitable for renovation projects, usually performed by these professional teams.
Qualifying Energy-Savings Are All Around You
It can be difficult to figure out if your building’s energy efficiency improvements qualify for this deduction. National Tax Group makes it easy with an in-depth study of your project and how it qualifies.
EPAct 179D studies are applicable for the following:
- New construction of commercial buildings
- Upgrades, renovations and retrofits, improvements to lighting, HVAC, envelope (roof, insulation, and windows), energy performance contracting, CRA redevelopment
- LEED-certified buildings
- Green/energy-efficient buildings
- Residential apartment buildings
- Public buildings
Commercial Building Owners
Architects & Designers
How Do You Qualify Based on Your Industry?
The 179D Tax Deduction is for Architects, Engineering Firms, Commercial Building Owners, and Construction Firms. This deduction is especially profitable for renovation projects, usually performed by these professional teams.
Qualifying Energy-Savings Are All Around You
It can be difficult to figure out if your building’s energy efficiency improvements qualify for this deduction. National Tax Group makes it easy with an in-depth study of your project and how it qualifies.
EPAct 179D studies are applicable for the following:
- New construction of commercial buildings
- Upgrades, renovations and retrofits, improvements to lighting, HVAC, envelope (roof, insulation, and windows), energy performance contracting, CRA redevelopment
- LEED-certified buildings
- Green/energy-efficient buildings
- Residential apartment buildings
- Public buildings
We are excited to announce that after years of legislation
179D & 45L have been extended
Lighting
Interior & Parking Garages
.60¢ Per Sq. Ft.
HVAC
Heating, Cooling, Ventilation and Hot Water
.60¢ Per Sq. Ft.
Building Envelope
Envelope Systems, Windows, Doors, Roofs and Insulation
.60¢ Per Sq. Ft.
80,000 X $1.80 =
$144,000
How Do You Qualify Based on Your Industry?
The 179D Tax Deduction is for Architects, Engineering Firms, Commercial Building Owners, and Construction Firms. This deduction is especially profitable for renovation projects, usually performed by these professional teams.
Qualifying Energy-Savings Are All Around You
It can be difficult to figure out if your building’s energy efficiency improvements qualify for this deduction. National Tax Group makes it easy with an in-depth study of your project and how it qualifies.
EPAct 179D studies are applicable for the following:
- New construction of commercial buildings
- Upgrades, renovations and retrofits, improvements to lighting, HVAC, envelope (roof, insulation, and windows), energy performance contracting, CRA redevelopment
- LEED-certified buildings
- Green/energy-efficient buildings
- Residential apartment buildings
- Public buildings
Commercial Building Owners
Architects & Designers
GO GREEN, SAVE GREEN
179D is a tax incentive that is available for newly constructed or renovated buildings that have installed energy-saving elements. This tax deduction provides tax-saving benefits for commercial building owners, as well as architectural and design firms that have worked on projects for public agency-owned facilities.
Originally passed under the 2005 Energy Policy, the 179D tax provision allows a tax deduction of up to $5 per square foot for both new and existing buildings.