179D ENERGY BENEFIT FOR A PUBLIC SCHOOL DESIGNER IN FL

$162,500.62 in Total Realized Tax Savings

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Location Square Footage Tax Benefit
Elementary School: Delray, FL 40,529 $24,317.40
Northboro Elementary School: West Palm Beach, FL 243,163 $138,183.22
Total  $162,500.62

179D Energy Policy Act

The 179D energy certification calculates the tax deduction achieved from the installation of energy-efficient assets, including HVAC, building envelope, and lighting. The building may qualify for up to $1.80 per square foot ($0.60 per square foot for each system); however, partial deductions are allowed for lighting.  The 179D energy deduction is available for newly constructed or energy renovated commercial buildings as well as apartment buildings 4 stories or more. Commercial property owners who pay taxes can claim the benefit with the exception of government-owned buildings where the tax deduction may be allocated to the designer. In order to qualify for these deductions, an analysis of your energy savings is required by a qualified firm like Engineered Tax Services. The savings are significant can additional tax benefits are often identified through the engineering process.  Contact ETS for more information.