179D Tax Deduction
Achievable energy reduction goals that generate material deductions.
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TCC found every incentive we didn’t realize we were missing.”
– Senior director, tax, Fortune 100 retailer
Owners and designers/contractors that notably reduce their properties’ interior lighting, heating, cooling and insulation costs can benefit from significant tax deductions.
Demanding collaboration between engineers, contractors and the US Department of Energy, our certified 179D analyses deliver reliable benefits.
Enacted under the 2005 Energy Policy Act, this deduction applies to properties that achieve significant energy savings. This extends to commercial, residential (four floors or more) and government-owned buildings, as well as parking garages. In an effort to encourage responsible energy usage, this act allows for a tax deduction of up to $1.80 per square foot. That deduction stems from reductions in the energy costs associated with the building envelope, HVAC system and interior lighting.