$270k in 179D EPAct Savings for Architect – Birmingham, AL

Green by Design – 179D Tax Incentives for Architects

Although 179D expired Dec 31, 2013, there are still opportunities to take advantage of this tax credit before it is truly gone. As you file your 2013 taxes, remember candidates for 179D include buildings of private property owners placed in service between January 1, 2006 and December 31, 2013 along with architects, engineers and contractors of government buildings whom may go back three years to obtain this benefit.

  • New Construction, Renovation, and Upgrades
  • Placed in Services Dates of: Jan 1, 2006 – Dec 31, 2013
  • Benefits Private Property Owner or
  • Architects, Engineers and Contractors (3-Yr Look-back)
  • Building Types: Schools, Government, Office, Retail, Hospitality, Industrial,
  • Manufacturing, Healthcare, Parking Garages

Recently Completed Study on a Government Building:

Following the signing of the EPAct gifting letter, this architect was then able to take advantage of the EPAct tax deduction which allowed the architectural firm to work to maximize energy savings for that government building. An energy tax certification was performed on an this Alabama university housing facility following the installation of energy efficient assets which qualified for a $269,652.60 179D tax deduction. The 149,807 sq. ft. building qualified for the full $1.80 / sq. ft. tax deduction per the Energy Policy Act guidelines.

ETS performs a thorough engineering process to meet all the requirements and receive the maximum benefit for our clients. To learn more about how you can benefit from 179D and other specialty tax engineering studies, phone Engineered Tax Services at 800-236-6519 

Author

Engineered Tax Services

Engineered Tax Services

Recent Posts

cost segregation for hotels

How Cost Segregation for Hotels Drives Profitability

In the hospitality industry, every strategy that leads to operational efficiency and financial stability is worth exploring. Among these, cost segregation stands out as a beacon for hotel owners. Hotels encompass a wide array of assets—ranging from luxurious furnishings to advanced kitchen equipment—all of which depreciate at different rates. Harnessing the power of cost segregation

Read More »

Can You Amend a Tax Return to Take Bonus Depreciation?

Let’s face it, no one wants to pay more taxes than they absolutely have to, especially when every dollar counts towards your business’s growth and stability. One often-overlooked tax savings opportunity is bonus depreciation, an IRS-approved tax strategy that allows you to deduct a large portion of asset costs in the first year. If you’ve

Read More »

179D vs. 45L Tax Credits: A Comparative Look at Energy Tax Incentives

When it comes to making homes and buildings more energy efficient, tax credits and deductions can provide helpful financial incentives. Two major options are the 179D tax deduction for commercial buildings and the 45L tax credit for residential properties. But how do these two programs compare? Let’s take a closer look. The Core Idea The

Read More »

Contact Us