Who’s Eligible For The Section 179D Deduction?
The short answer is:
- Commercial building owners
- Designers of government-owned buildings
If you meet a few key criteria:
- Was your building constructed and/or retrofitted between January 1, 2006 and December 31, 2020?
If that’s the case –
- Did you incorporate energy-efficient lighting, HVAC (heating, ventilation, and air conditioning), hot water systems and/or building envelope upgrades (walls, windows, insulation, etc.) into your building design?
- Did you make expenditures that increased energy efficiency in at least one of the three targeted building systems: HVAC, building envelope, and lighting?
If so — and if you exceed a specified standard of energy efficiency — then Section 179D deductions may be available for you.
IRS regulations require that an independent, third-party certifier verifies and documents the energy savings for Section 179D deductions. At Concord, our job as the third party certifier is to use our Section 179D expertise to deliver the greatest financial opportunity — while always scrupulously following the rules.