Section 179D Federal EPAct Tax Benefits Extended for Two Years - Energy Watch News


Section 179D Federal EPAct Tax Benefits Extended for Two Years

Section 179D, the Energy Efficient Commercial Building Deduction was extended for two years, one year retroactive (2015) and one year forward (2016). Section 179D tax incentives of up to $1.80 per square foot are available for qualifying lighting, HVAC, and building envelope projects. Both existing buildings and new buildings are eligible for the tax incentive. Although virtually all building categories are tax-incentive-eligible, the benefits are particularly favorable for warehouses and manufacturing buildings. For the tax years 2006 through 2015, the energy code standard that needs to be surpassed by a specified amount is ASHRAE 90.1-2001. For projects completed in 2016 the building energy code that must be surpassed is ASHRAE 90.1-2007. http://www.facilitiesnet.com

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