$154,945.20 in Total Realized Tax Savings
This parking garage in Davie, FL utilizes automatic lighting features for qualified parking areas. Because the lighting features have automatic time clock on/off controls integrated into the electrical panels, they conserve a significant amount of energy. Engineered Tax Services found that this qualified the building for a partial 179D deduction on lighting subsystems. Calculated at $0.60 per square foot, the resulting tax savings totaled $154,945.
Location | Lighting | Square Footage | Tax Benefit |
Davie, FL | $0.60 | 258,242 | $154,945.20 |
Total | $154,945.20 | ||
The facility utilizes a variety of lighting fixtures throughout the structure. The qualifying parking areas have automatic time clock on/off controls integrated into the electrical panels to conserve energy. |