Posted by on 07.14.21

Are you taking advantage of energy tax deductions for your investment in energy-efficient systems? If you are not benefitting from the 179 tax deduction, you could be losing out on thousands of dollars of tax savings.

What is the 179D Energy Tax Deduction?

The tax deduction was created by the Energy Policy Act of 2005 to help businesses reduce the initial costs related to energy-efficient building systems. Since so many of today’s building codes call for higher efficiency standards, there is more opportunity for the tax credits than ever before.

Who Qualifies for Energy Tax Benefits?

If you are a commercial building owner or lessee who has made energy-efficient improvements to your building, you qualify. Additionally, if you are an architect, engineer or contractor involved in the design work of government-owned buildings (e.g., schools, airports, jails), you may also qualify.

How Much Can I Save?

If your business qualifies, you can earn up to $1.80 or more per square foot in deductions for eligible projects that were placed in service in 2006 or later. Think in terms of improvements to lighting, HVAC and the building envelope.

How Can Tax Point Advisors Help?

We apply our national expertise to your local projects by being more hands-on and cost-effective than many of our competitors. Tax Point Advisors’ team of licensed professional engineers makes it easy for you! They have helped hundreds of companies successfully claim 179D energy tax benefits. On top of that, our accounting experts support your application and provide professional guidance throughout the process.

Tax Point Advisors provides R&D tax credit study services and other specialty tax services to CPA firms and their clients throughout the U.S. To learn more about the 179D tax deduction from the experts at Tax Point Advisors, contact us at (800) 260-4138, or please leave us a message below.