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Tax Benifits for Going Green
Information on Energy Efficiency Incentives and Rebates
We'll be updating this page with more information as we research incentives that are potentially relevant to DDC System installation and maintenance. Of key interest is the US NEPA 2005 tax incentives for commercial building energy efficiency, with up to $1.80 per square foot of tax credits available for energy efficiency investments in 3 areas: HVAC, Lighting, and Building Envelope. Up to 60 cents per square foot is available for each area. To claim the credits the building must improve upon the energy efficiency of a comparable building meeting ASHRAE 90.1-2001 Standard by at least 50%. Partial credits are available for some methods. If the building is owned by a government or non-profit entity the credits may be claimable by the company responsible for designing the energy efficiency solution.
The links below are for your reference. Working with a tax professional should provide you with information specific to your company about these and other available incentives.
UPDATE (December 9th, 2008): the Emergency Economic Stabilization Act of 2008 extended the deadline for claiming commercial building tax incentives by 5 years. To be eligible for the tax incentives the building must be in service before January 1st, 2014.
The IRS issued updated guidance in April, 2008 for claiming the Commercial Building tax deductions. You can view the updated guidance online here
The National Electrical Manufacturer's Association has a short PDF brochure explaining the legislation
NREL released a 25 page document in February, 2007 titled “Guidelines for Energy Savings Modeling and Inspection for Commercial Building Federal Tax Deductions” which can be viewed at www.greensysusa.com/40467.pdf
A list of Qualified Computer Software for Calculating Energy Savings for Purposes of the Energy-Efficient Commercial Building Tax Deduction under Internal Revenue Code §179D (IRS Notice 2006-52 dated 2 June 2006) is available at http://www1.eere.energy.gov/buildings/qualified_software.html
The National Electrical Manufacturers Association published guidance on the IRS interim requirements (IRS Notice 2006-52, June 2006) for qualifying for the tax incentives. The guidance describes in detail what should be included in the certification letter establishing eligibility for tax incentives.
NEPA 2005 Commercial Building Energy Efficiency Tax Credits
Commercial Building Energy Efficiency Tax Incentives powerpoint presentation delivered by Ed Gray, National Electrical Manufacturers Association, during a webcast for Energy Star partners on July 21st, 2006
US National Energy Policy Act (2005) Commercial Building Energy Efficiency Tax Incentives flyer describing tax credits with links to more info (published on or before May, 2006)
IRS guidance - NEPA 2005 tax credits for commercial buildings (NOT-160920-05)
Other Links
Database of State Incentives for Renewable Energy
Tax Incentives Assistance Project
Commercial Building Tax Deduction Coalition
Canadian Office of Natural Resources - Incentives and Rebates page
Energy efficiency funds and programs (N. America)
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