179D Energy Study for a Parking Garage in Davie, Florida

$154,945.20 in Total Realized Tax Savings

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.

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.