Companies promote environmentally conscious programs and policies to win over new customers, improve their public image, and reduce costs. Energy-efficient improvements can also result in significant tax savings. The Further Consolidated Appropriations Act of 2020 extends energy incentives retroactively back to 1/1/2018, and forward through 12/31/2020. This includes  EPAct 179D and 45L. These focused energy studies provide property owners, architects and the design teams behind energy-efficient construction and renovation with the opportunity to claim potentially significant tax deductions.   

This course will present an overview of the 179D deduction and its benefits, and will highlight especially suitable property types.  The presenter will also address logistical considerations specific to new construction, acquisitions, and government buildings.  Multiple case studies will be reviewed to demonstrate the power of the 179D deduction.  The Solar Investment Tax Credit (ITC), Energy Star, and NYC Carbon Emissions Bill Will also be discussed.