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Commercial Building Owners

Commercial building owners that take steps to reduce their building’s energy consumption and focus on green initiatives, can reward their efforts by applying for the 179D Energy Efficient Tax Deduction. Through the Green Act 2019 deduction, qualifying companies can claim as much as $1.80 per square foot for each building.

Qualifying energy-saving systems include

  • Hot water systems
  • Building envelope systems
  • Heating, ventilation, and air conditioning (HVAC)
  • Interior lighting systems
  • Insulation in ceilings, walls, floors, and roofs
  • Lighting sensors and controls
The amount of money a business owner is able to deduct from their taxes depends on the size of the building that is being examined.

Construction

Building owners who incorporate energy-saving elements into their construction and operational plans are able to immediately apply for the 179D deduction, even before they break ground on the new building

Renovations

179D can be claimed by building owners who have made renovations to reduce the energy consumption of recently acquired or already owned buildings. Qualifying renovations can include updating hot water, heating, or lighting systems.
Contact us for a free assessment.

Commercial Building Owners

Commercial building owners that take steps to reduce their building’s energy consumption and focus on green initiatives, can reward their efforts by applying for the 179D Energy Efficient Tax Deduction. Through the Green Act 2019 deduction, qualifying companies can claim as much as $1.80 per square foot for each building.

looking up at a buildingQualifying energy-saving systems include

  • Hot water systems
  • Building envelope systems
  • Heating, ventilation, and air conditioning (HVAC)
  • Interior lighting systems
  • Insulation in ceilings, walls, floors, and roofs
  • Lighting sensors and controls
  The amount of money a business owner is able to deduct from their taxes depends on the size of the building that is being examined.

Construction

Building owners who incorporate energy-saving elements into their construction and operational plans are able to immediately apply for the 179D deduction, even before they break ground on the new building

Renovations

179D can be claimed by building owners who have made renovations to reduce the energy consumption of recently acquired or already owned buildings. Qualifying renovations can include updating hot water, heating, or lighting systems.
Contact us for a free assessment.

Hotel Owners

National Tax Group works with hotel and motel owners to perform cost segregation studies. Hotel properties are typically a 39 year depreciable asset. Our studies are able to reallocate 30% of the total assets to 5 and 15 year life classes. Our engineers and tax experts performing the cost segregation studies go by the Modified Accelerated Cost Recovery System (MACRS), which is the method of depreciation that is mandated by the IRS. The MACRS is applied to short-life assets, which accelerates depreciation and reduces the tax burden of the hotel owner. Hotels that have been purchased or constructed since January 1st, 1987 qualify for accelerated depreciation. Any updates or renovations since the hotel’s purchase or construction can also qualify for depreciation.

Personal property hotel assets can include

  • Flooring choices
  • Decorative lightning
  • Cabinetry
  • Electrical systems
  • Plumbing systems
  • Power generators
  • Security systems
  • Parking lots
  • Landscaping
  • Fountains
Contact us for a free assessment. Fill out the form to receive more inforation