by Capital Review Group There are numerous incentives and tax benefits available to owners of commercial properties who decide to complete energy efficiency projects. You just have to know where to look. Extensive documentation and research from reliable sources is readily available to commercial property owners to help ensure that your energy efficient building project [...]
Capital Review Group has been featured in several publications recently: Partnership for Sustainable Communities: "Financing Energy Improvements With Tax Incentives" By Marky Moore, Capital Review Group Facility Net: "Section 179D Rules Mean Clock Is Ticking On EPAct Deductions" By Lindsay Audin Automated Buildings: EnOcean Alliance and the Connection Community Interview with Graham Martin, Chairman of EnOcean Alliance [...]
Two of the ways building owners can benefit from energy efficiency projects are by performing a cost segregation study and qualifying for deductions under §179D of the Energy Policy Act of 2005. A cost segregation study identifies and reclassifies personal property assets to shorten the depreciation time for taxation purposes, which reduces current income tax [...]
In addition to the potential tax benefits available to commercial property owners through meeting the requirements of §179D of the Energy Policy Act of 2005 and performing a cost segregation study (see our blog post on this topic), hotel owners may benefit from additional tax strategies when planning energy efficiency projects. Effective Tax Strategies for [...]
As we are continually working to bring the latest news on incentives we thought we would share this great overview from our friends at Advanced Lighting Guidelines Online (ALG). ALG posted a great overview of an article by Craig DiLouie, published April 2012 by the Lighting Controls Association. Here's a synopsis: Lighting Control Rebates Triple Lighting has always played [...]
How to Pay for Energy Efficiencies through §179D Energy Tax Incentives Case in point: Based on a qualifying square footage (88,000) of a warehouse and lighting project that was completed, a building owner was entitled to a §179D deduction of approximately $53,000. Additionally, the company received an abandonment deduction of an additional $92,000 for removing [...]
Today, Marky Moore's article: "Tax Deductions: Application of §179D for Hotel Properties" has been published in Hotel Executive (http://hotelexecutive.com/business_review/3116/tax-deductions-application-of-179d-for-hotel-properties) to review a case study for a hotel and important information on the application of Section 179D for hotel properties. Here's an excerpt: In today’s economy, saving on operating costs has become an essential goal for hotel property owners. Many hotel owners [...]
Primary Designers, it is urgent to evaluate open tax years as the §179D Tax Deductions will become unavailable once the open year closes. Primary designers MUST file an amended return to claim the deduction for open years and may not file Form 3115 "Change of Accounting" form to claim the deductions per new ruling by the IRS. With [...]
Last week we sent out correspondence in support of changes to the initiatives under discussion in the Energy and Natural Resources Committee. Our objective was to point out the multiple imperatives: Demand reduction/conservation – as well as the need to protect the Federal Treasury and the support of the Federal deductions under §179D. §179D meets [...]
We just became a member on Noesis Energy - a FREE platform of tools and reports that automates analysis, bench marking and monitoring for building energy use. This site also has a great portfolio of tools for access to incentives (under-works) and is a Social Media platform for the Energy and Sustainability Professional to engage in. We [...]