A report issued by The American Institute of Architects (AIA) encourages green building tax deductions.
According to the AIA issue brief:
AIA believes that governmental policies, programs, and incentives should encourage energy efficiency, especially as it relates to the built environment. To this end, the AIA supported legislation enacted in 2005 that allows for a tax deduction for constructing energy efficient commercial buildings and for installing energy efficient systems in existing buildings; this deduction however, expires on December 31, 2008. The AIA believes that Congress should make this deduction permanent or at least extend it until 2013, and increase the size of the deduction to increase its effectiveness. Read More →
California will become the first state in the nation to require new homes and businesses to be energy efficient.
The California Building Standards Commission unanimously voted to adopt the green building code Thursday.
Commission chairwoman Rosario Marin says the energy and water efficiency standards will help the state cut its greenhouse gas emissions.
The rules are voluntary for now, but become mandatory in 2010. They also apply to new hospitals and schools.
Craig Noble, a spokesman for the Natural Resources Defense Council, says about 75 California cities and counties already have more stringent green standards.
Click here to learn how you can receive substantial Federal Tax Deductions for your green building
Fort Worth, TX (Business Wire) July 16, 2008 — High energy costs, an unprecedented level of government mandates for green building, heightened demand for green construction, and improvements and better pricing for environmentally sustainable materials have many building owners, architects, and facility managers considering significant updates to save cash.
Sec. 179D of the IRS Code provides a significant deduction for the cost of energy-efficient improvements to commercial property. Read More →