To encourage energy efficiency among commercial property owners, the IRS started offering Section 179d tax deductions in 2005. The credit has recently been extended through 2015. You may claim a one-time credit of up to $1.80 per square foot for certain upgrades in your building to conform to the government’s standard for energy efficiency. You must receive certification from an independent third-party energy organization indicating that your property meets the standards.

Commercial buildings constructed or retrofitted prior to December 31, 2005 do not qualify for the credit. Additionally, the building you own must be at least 20,000 square feet to apply for the credit. The IRS provides a credit of up to .60 per square foot for lighting, HVAC, and building envelope improvements. Our company, Relumination, can help your building meet energy efficiency standards and qualify for the lighting portion of the 179d tax deduction.

Our Approach Helps You Realize Tax and Energy Savings

We complete a comprehensive needs analysis the first time you meet with a representative from Relumination. This involves an on-site audit of your building to determine issues with your current lighting system. When we present you with the findings, we seek your input on changes you would like to make to improve worker safety, secure your building, or save on energy costs. If you are interested in sustainability, we work with you to create a plan that meets the requirements of the 179d tax credit.

Next, we provide you with projected energy savings so you can actually see your return on investment. This step helps most business owners get past their hesitancy about making the initial investment in lighting upgrades. In addition to providing you with cost and savings estimates, we research local and federal rebates or credits you may be entitled to besides the 179d tax credit.