Public Libraries 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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Public Libraries
NTG’s team has the engineering and technical tax law expertise to complete and manage hundreds of certifications and claims throughout the United States. This gave the A&E firm the confidence that it could pursue the tax incentive without having to divert its own personnel, operations, or resources.
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.
Case study 1: Public Library
Energy efficiency improvements:
This case study from National tax group describes how a public library in Massachusetts was able to claim a $1.80 per square foot tax deduction for energy efficiency improvements that included:
- Installing new windows and insulation
- Replacing the heating and cooling systems
- Installing LED lighting
Benefits:
The library was able to save over $300,000 on energy costs as a result of these improvements.
Case study 2: Public Library
Energy efficiency improvements:
A major public Library received a $2.7 million grant from the Department of Energy to improve the energy efficiency of its libraries. The grant was used to fund a variety of energy efficiency improvements, including:
- Installing new windows and insulation
- Replacing the heating and cooling systems
- Installing LED lighting
- Upgrading the libraries’ energy management systems
Benefits:
The library was able to save over $300,000 on energy costs as a result of these improvements.
Case study 3: A leading state public Library
Energy efficiency improvements:
A leading state public Library is in the process of a multi-year $3 billion capital plan that includes a number of energy efficiency improvements. The library plans to install new windows and insulation, replace the heating and cooling systems, and install LED lighting in all of its branches.
Benefits:
The library expects to save over $100 million on energy costs as a result of these improvements.
These are just a few examples of how the 179D tax deduction can be used to improve the energy efficiency of libraries. The deduction can be used to fund a wide range of energy efficiency improvements, and it can provide significant savings on energy costs.
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 library considering energy efficiency improvements, you should talk to our team about the 179D tax deduction. The deduction can help you to make your library more sustainable and save money on energy costs.
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.