179D for Commercial Building Owners

Commercial Building Owners

Commercial building owners that take steps to reduce their building’s energy consumption can reward their efforts by applying for the 179D Energy Efficient Tax Deduction. Through the deduction, qualifying companies can claim as much as $1.80 per square foot for each building.

looking up at a buildingQualifying energy saving systems include

  • Hot water systems
  • Building envelope systems
  • Heating, ventilation, and air conditioning (HVAC)
  • Interior lighting systems
  • Insulation in ceilings, walls, floors, and roofs
  • Lighting sensors and controls

The amount of money a business owner is able to deduct from their taxes depends on the size of the building that is being examined.

Construction

Building owners who incorporate energy-saving elements into their construction and operational plans are able to immediately apply for the 179D deduction, even before they break ground on the new building

Renovations

179D can be claimed by building owners who have made renovations to reduce the energy consumption of recently acquired or already owned buildings. Qualifying renovations can include updating hot water, heating, or lighting systems.

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