Tag Archives: Energy Efficient Commercial Buildings

April 3, 2009, Fort Worth, TX – SourceCorp today announced a fundamental commitment to protect the environment by becoming an ENERGY STAR partner. SourceCorp through its voluntary partnership with the U.S. Environmental Protection Agency’s ENERGY STAR Program, will work to improve energy efficiency and fight global warming. SourceCorp believes that a strategic, corporate energy management program will help us enhance our financial health and aid in preserving the environment for future generations. Read More →

A new survey by National Real Estate Investor and its sister publications indicates that green building may be vying for status as the new industry standard and not a passing fad as many have thought.

For instance, the research indicates that the focus on sustainable real estate is clearly on the rise with 84% of corporate users and 77% of developers expecting to own, manage or lease at least some green properties five years from now. Read More →

On August 8, 2005, President Bush signed H.R. 6, The Energy Policy Act of 2005 ( Public Law 109-58 ) into law. This legislation created a new tax incentive for constructing energy efficient commercial buildings. Specifically, Section 1331, the Commercial Building Tax Deduction, establishes a tax deduction for expenses related to the design and installation of energy-efficient commercial building systems. The AIA strongly supported this provision and played a major role in its legislative development. AIA National also helped form a partnership with other concerned stakeholders and through this partnership, developed implementation recommendations for building owners to obtain this tax deduction. Please note that the tax deduction is not a tax credit (an amount directly subtracted from the tax owed), but a deduction –an amount subtracted from gross taxable income. Tax deductions result in benefits to the taxpayer; thus this newly created program can be used as an incentive to urge clients to choose energy efficient building systems. However the deduction is only applicable to building systems installed before January 1, 2009 so it is important to take advantage of this deduction before its expiration. Read More →

The IRS issued Notice 2008-40Deduction for Energy Efficient Commercial Building” clarifying and amplifying Notice 2006-52. Notice 2006-52 provides a process that allows a taxpayer who owns a commercial building and installs property as part of the commercial building’s interior lighting systems, heating, cooling, ventilation, and hot water systems, or building envelope to obtain a certification that the property satisfies the energy efficiency requirements of § 179D(c)(1) and (d) of the Internal Revenue Code. Read More →

CPAs that ignore sustainable building trends run the risk of being left behind — and losing market share. Recent research from McGraw-Hill Construction suggests that broadly defined “green” building is expected to be worth $12 billion to $20 billion this year, or 6% to 10% of the market. That’s expected to double in five years, according to the researchers.

Along the way, LEED (Leadership in Energy and Environmental Design) is becoming increasingly familiar to consumers: More than 1,500 buildings have received LEED certification from the U.S. Green Building Council since the program was introduced in 2000, and more than 11,000 are seeking the designation, according to the council, a nonprofit that administers the program.

LEED attempts to quantify sustainable site development, water usage, energy efficiency, indoor environmental quality and other “green” factors.

How CPAs Can Capitalize On This Growing Business Opportunity

Green is in.

From churches to schools and financial institutions, environmentally friendly buildings are going up across southcentral Kentucky.

Service One Credit Union broke ground last month on a 4,500-square-foot addition to its Campbell Lane office – the building is slated to be a near-zero energy building, certified at the highest level of Leadership in Energy and Environmental Design certification as a “platinum” building. If it achieves the platinum certification, it will be among fewer than 100 buildings in the country to earn that designation.

The credit union got the go-ahead for the project from its board last November, said Service One President/CEO Valerie Brown.

“I’ve always been interested in green technology, and knew it was time to move to an energy conservation mode. It’s a good value for our members and it’s good for our community,” she said.

Among the eco-friendly features of the building will be earth berms to enclose the building and offer energy savings; solar panels; a garden that will filter rain water for reuse; and a literally green roof that will be covered with vegetation to provide better insulation and reduce stormwater runoff.

The cost of building will be about 3 percent to 8 percent higher than a conventional building, Brown said. But with rising energy costs, the payback time has been reduced from an original estimate of seven years to about five.

“It’s a little bit more cost up front, but the savings will be worth it,” Brown said. “One of the advantages of the green roof is that it will last 50 years – that’ll save the cost of two replacements.” More…

By WES SWIETEK, The Daily News, Saturday, June 14, 2008 8:43 PM CDT


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