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Higher Education Case study

Higher education institutes

  • Project: A leading university decided to make a number of energy efficiency improvements to its campus. The university wanted to reduce its energy consumption and save money on energy costs.

  • Energy efficiency improvements:
    NTG’s team began by conducting the required energy simulation to verify the deduction. They then communicated with building owners to explain the deduction and obtain all required documentation. They also worked with qualified engineers and contractors to complete inspections and testing. Finally, NTG provided tax consulting to verify the deductions and oversee the tax filing process.

    The university decided to make a number of energy efficiency improvements to its campus, including:
    • Installing new windows and insulation
    • Replacing the heating and cooling systems
    • Installing LED lighting
    • Upgrading the campus’s energy management system

  • 179D tax deduction: The university was able to claim a $1.80 per square foot tax deduction for the energy efficiency improvements that they made to its campus. This amounted to a total deduction of over $100 million.

  • Benefits: The energy efficiency improvements that the university made have resulted in significant savings on energy costs. The university estimates that it will save over $10 million per year on energy costs. The improvements have also made the campus more comfortable and healthier for students and staff.

    NTG’s success in this area is due to their understanding of complex construction and design projects. The team performs a high degree of due diligence and works with a variety of government authorities to expedite the approval process. This ensures that their clients receive the maximum possible benefit from the 179D program.

This is just one example of how the 179D tax deduction can be used to improve the energy efficiency of higher education institutes. The deduction can be used to fund a wide range of energy efficiency improvements, and it can provide significant savings on energy costs.

Here are some other benefits of using the 179D tax deduction for higher education institutes:

  • The deduction can help institutes to meet their sustainability goals.
  • The deduction can improve the health and comfort of students and staff.
  • The deduction can save institutes money on energy costs.

If you are a higher education institute considering energy efficiency improvements, you should talk to our team about the 179D tax deduction. The deduction can help you to make your campus more sustainable and save money on energy costs.