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 $5 per square foot for each building.
Commercial Building Owners
Total Deduction:
$7 MM
Project Types Include:
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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.