We subscribe to Bill Attardi's "Energy Watch". This e-letter is always filled with information on the Lighting and Energy Management front. I just received the April issue in my mailbox. One of the last points talked about the Energy-Efficient Commercial Buildings Tax Deduction:
Still Active - The federal Energy Policy Act of 2005 established a tax deduction for energy-efficient commercial buildings applicable to qualifying systems and buildings placed in service from January 1, 2006, through December 31, 2007. This deduction was subsequently extended through 2008, and then again through 2013 by Section 303 of the federal Energy Improvement and Extension Act of 2008 (H.R. 1424, Division B), enacted in October 2008.
A tax deduction of $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. Energy savings must be calculated using qualified computer software approved by the IRS.
The April issue of EnergyWatch is loaded this month (14 pages) and is a click away:
We think Bill is great and had him come speak to us at a Marketing planning meeting. Please give him a look!