Green Building Incentives
Developers, building owners, architects, engineers, contractors, designers, CPAs and government officials are concerned with the bottom line and interested in possible offsets to their costs. The following sources are provided as a resource to help you reduce costs and increase cash flow.
A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.
• Free Federal Tax Deduction Review: for buildings 50,000 sq. ft. or greater, a complimentary analysis to see what your reduced tax liability and increased cash flow would be
• IRS Notice 2006-52 (6/2/2006): provides guidance on deduction for energy efficient commercial buildings.
• IRS Notice 2008-40 (4/7/2008) – Amplification of Notice 2006-52
• Qualified Software for Calculating Energy Savings
• Commercial Building Tax Deduction Coalition
• Database of Incentives/Deductions: Comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency
• Energy Efficient Commercial Building Tax Deduction Certification
• State Energy Efficiency Policy Database
• Tax Incentives Assistance Project (TIAP)
• Department of Energy Tax Incentive Information
• Federal Tax Credit Information
• U.S. Green Building Council
• Commercial Green Building Certification (LEED)
• Local Government Programs
• LEED Initiatives in Government and Schools
Additional Resources:
• DOE’s High Performance Buildings Web site: features projects with reliable energy performance data and exemplary energy performance
• The Federal Energy Management Program: showcasing federal projects
• The Cascadia Chapter of the U.S. Green Building Council: displaying projects located in British Columbia, Washington, and Oregon
• Efficiency Vermont: showcasing energy efficient and high performance buildings located in Vermont
Energy Efficient Commercial Building Tax Deduction:
To learn more about the Energy Efficient Commercial Building Tax Deduction or to schedule a no-cost, no-obligation Green Building Tax Deduction Analysis to see what your benefit would look like, please visit: SourceCorp Green Building Tax Deduction
About SourceCorp Professional Services:
Celebrating our 25th year in business, SourceCorp Professional Services is the leading provider of Energy Efficient Commercial Building Tax Deductions, R&D Tax Credit Studies, Cost Segregation Studies, and LIFO Accounting in the U.S. SourceCorp serves many of the nation’s most prominent CPA firms, Associations, and Fortune 1000 companies.
