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- Case Studies
An energy tax certification was performed on a 11,164 sq. ft. hospital building placed into service December 2013. This facility qualified for the full benefit of $1.80/sq. ft. resulting in a $20,095.20 179D tax deduction.
ETS has provided thousands of energy tax certifications since 2005. Handling over 100 certifications every month, we have perfected the process by working closely with the IRS. To learn more about the Energy Policy Act, contact us at 561-253-6640 or e-mail us here. Sign up for one of our monthly webcasts, newsletter, or simply fill out an energy request form for a complimentary evaluation for your potential 179D benefit.
When a new building is constructed or an existing building has been renovated since January 1, 2006, the building owner may be eligible for a Federal Tax Deduction of up to a $1.80 per square foot. Most new construction and renovations comply with the requirements. The benefits are for the certification of new energy efficient lighting, HVAC and systems put into the Building Envelope such as new insulation, roof, roof coating, and windows. The IRS requires an independent energy study by a licensed engineering firm. These studies greatly improve the payback period for these type of investments and the IRS allows us to go back to any projects done in previous years to quantify these tax benefits for our investors bring them through the current tax return.
ETS has also been focusing on energy tax consulting services with our CPA partners to their real estate families with great success. As you may already know, energy tops the agenda for governments and businesses in the United States. Driving these concerns for them are the fluctuating demand, constrained supply, volatile commodity prices, and changing regulatory environments and the complex tax structure of today’s energy industry. Our CPA Energy Solutions provides comprehensive services to help your clients/companies navigate through this environment to achieve sustainable, profitable growth.
A majority of those that responded indicated difficulty reaching those goals. The two most common reasons they miss those targets are lack of personnel and capital. That is where a specialty engineering firm like Engineered Tax Services partnering with your firm comes in. Our holistic approach to both procurement and conservation strategies are driven by specialists with proven performance across industry sectors, allowing our clients to benefit from best known practices and strategies without distracting their accounting team from operations.
On average, when ETS performs a Cost Performance Review for your clients, they will realize 3-10% savings on their spending. ETS realizes this for them because our team understands the nuances from market to market, regulated or de-regulated, state & federal grants, rebates and exemptions that all help them preserve capital and reduce expenses. On the ‘demand side’ ETS has consulted on over 110 million square feet of building space across North America. From lighting to mechanical to evaluation of the potential for renewable energy such as solar, wind, etc., ETS is an independent, third party evaluation and implementation firm whose focus is on the client’s energy savings. Our initial focus is assisting them in navigating the increasingly complex energy and tax world by delivering customized energy management solutions on both the Supply (Energy Procurement) and Demand (Energy Conservation / Efficiency) side of the meter.
ETS works to drive the energy cost per unit as low as possible by using:
To help capture substantial immediate savings and retroactive cash refunds
Most states and local jurisdictions assess sales or other excises taxes on the purchase of utilities including, but not limited to, electricity, natural gas, water and wastewater. Depending on the taxing jurisdiction(s), use of the utility in the customer’s locations, type of operation, multiple locations, etc. It is not widely known or published that said taxes and other fees may be able to be reduced or eliminated completely in addition to substantial retroactive cash refunds. These jurisdictions require detailed onsite engineering use or predominant use studies by a qualified independent 3rd party to determine the exact percentages of energy and utility use in various areas and specific operations.
Many states and local taxing authorities offer some sort of incentive or opportunity to reduce taxes related to utility charges. ETS has more than a decade of tax experience in all 50 states. ETS will ensure that you receive the refunds and/or credits you earned.
ETS believes sustainability is effectively managing our client’s energy risks and help them define, integrate and meet their sustainability objectives through the following services:
Many states mandate energy benchmarking for all facilities with certain thresholds being met to avoid higher taxation and penalties (see attached PDF). ETS provides the necessary studies to meet the state requirements and help put into place measurement systems to help them navigate lower energy consumption timely to meet the escalating benchmarks each year. ETS does this by:
For up to date advise or a complimentary evaluation, contact Engineered Tax Services at 800-236-6519 or email here.