Do your Commercial & Residential Energy Efficient Projects Qualify for Tax Incentives?

179D and 45L Energy Tax Incentives

The Energy Policy Act of 2005, aka, 179D was enacted in late 2005 and recently extended through December 31, 2016. This incentive provides MANY taxpayers with deductions of up to $1.80 per square foot for new construction and renovations of commercial buildings. Even greater so are the architects and designers that have benefited from the direct allocation of deductions to their companies from their publicly funded projects (i.e., schools, military, higher education, state, county and local offices and more).

45L is another incentive directed towards the developers of multi-family housing projects whom benefited from a significant tax credit of $2,000 per unit on buildings optimized for energy efficiency. This provided not only industry stimulus for new construction and renovations, but also helped change the design of thousands of projects around the country to ensure more efficient buildings and lower energy costs for the lucky residents of these properties!

It’s Not Too Late to Claim Your 179D or 45L Incentives!

Keep in mind that any projects with completion dates between January 1, 2006 and December 31, 2016 qualify for these tax incentives and provide a solid benefit for taxpayers looking for additional write-offs and increased cash-flow. If you have not taken advantage of 179D or 45L in the past, it’s not too late. Give us a call today at 800-236-6519 or submit your projects and properties below for a free pre-qualification review!

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Engineered Tax Services

Engineered Tax Services

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