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Parking Garages Case study

Parking Garages

Project: A parking garage

Location: Florida

Square footage: 315,624


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.

Parking Garage Case study Table

Location Lighting Square Footage Tax Benefit
Florida  $0.60 3,15,624 189374.4
Total $189374.4

They utilized the savings from 179D for automatic lighting features for qualified parking areas. Because the lighting features have automatic time clock on/off controls integrated into the electrical panels, they conserve a significant amount of energy. Engineered Tax Services found that this qualified the building for a partial 179D deduction on lighting subsystems. Calculated at $0.60 per square foot, the resulting tax savings totalled $1,89,374.

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.

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