Retail Spaces 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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Retail Spaces
Business:
A large retail chain with over 100 stores nationwide.
Location:
A new retail store in a major metropolitan area.
Energy-efficient upgrades:
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 store installed a number of energy-efficient upgrades, including LED lighting, high-efficiency HVAC systems, and a solar panel system. The store was able to claim a $2 million 179D deduction for the energy-efficient upgrades.
Benefits:
The 179D deduction saved the store $2 million in taxes. The store also expects to
save $100,000 per year on energy costs.
The 179D tax deduction can be a significant financial benefit for businesses that invest in energy-efficient upgrades. In this case study, the retail chain was able to save $2 million in taxes and $100,000 per year on energy costs. This is a great example of how the 179D deduction can help businesses reduce their environmental impact and save money.
Here are some other benefits of the 179D tax deduction for retail spaces:
- Attract customers: Customers are increasingly looking for businesses that are committed to sustainability. By investing in energy-efficient upgrades, retail businesses can attract and retain customers who are looking for environmentally friendly businesses to shop at.
- Improve employee morale: Employees are more likely to be productive and engaged in a workplace that is comfortable and energy-efficient. By investing in energy-efficient upgrades, retail businesses can improve employee morale and productivity.
- Increase property value: Energy-efficient buildings are typically worth more than non-energy-efficient buildings. By investing in energy-efficient upgrades, retail businesses can increase the value of their property.
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 retail business owner, you should talk to our team. The 179D tax deduction can help you save money on taxes and energy costs, attract customers, improve employee morale, and increase property value.
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.