$1,313,200.90 in Total Realized Tax Savings
Location | Square Feet | Accelerated Tax |
Hilton, Orlando FL | 1,193,819 | $1,313,200.90 |
Total Building Cost | $1,313,200.90 |
“Engineered Tax Services performed a detailed analysis of this landmark new build hotel project to determine the maximum 179D Tax Deduction available to us. Their documentation was very thorough and professional. We were very pleased with their overall process and level of service.” -Brian Kuckelman, NCARB Senior VP – Architecture & Construction Rida Development Corporation Orlando, Florida
179D Energy Policy Act
The 179D energy certification calculates the tax deduction achieved from the installation of energy-efficient assets, including HVAC, building envelope, and lighting. The building may qualify for up to $1.80 per square foot ($0.60 per square foot for each system); however, partial deductions are allowed for lighting. The 179D energy deduction is available for newly constructed or energy renovated commercial buildings as well as apartment buildings 4 stories or more. Commercial property owners who pay taxes can claim the benefit with the exception of government-owned buildings where the tax deduction may be allocated to the designer. In order to qualify for these deductions, an analysis of your energy savings is required by a qualified firm like Engineered Tax Services. The savings are significant can additional tax benefits are often identified through the engineering process. Contact ETS for more information.