We are experts in energy efficiency and can help you fulfill the required documentation needed claim tax credits. EBE will provide the required energy modeling analysis and documentation to meet the specific tax code guidelines.
The 179D commercial buildings energy efficiency tax deduction primarily enables building owners to claim a tax deduction for installing qualifying systems and buildings. Tenants may be eligible if they make construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system’s design. Deductions are taken in the year in which systems and buildings are placed in service. The 179D tax deduction has been in effect since January 1, 2006.
A tax deduction of up to $1.80 per square foot is available to owners of new or existing buildings who install (1) interior lighting; (2) building envelope, or (3) heating, cooling, ventilation, or hot water systems that reduce the building’s total energy and power cost by 50% or more in comparison to a building meeting minimum requirements set by ASHRAE Standard 90.1-2001 (for buildings and systems placed in service before January 1, 2016) or 90.1-2007 (for buildings and systems placed in service after January 1, 2016).
The 45L Energy-Efficient Home Tax Credit is a valuable cost-savings tool that provides builders, homeowners and developers with tax credits for residential and apartment buildings. The tax credit was retroactively extended in late 2019 for 2018 and 2019 through the end of 2020. Any unused credits can be carried over for up to 20 years.
The 45L tax credit for energy-efficient homes provides $2,000 per unit for owner-occupied or rental dwelling buildings that meet certain conditions.