Local Developer Qualifies for $200,000 in EPAct 179D Tax Deductions


A Grand Rapids based building developer was recently certified under the 179D tax code to receive $1.80 per square foot in tax savings for a major building remodel.  This incentive equated to approximately $200,000 in tax deductions for the building owner which will help to offset future expenses of the business.

The US government renewed the 179D tax code allowing buildings that are put in service in 2015 and 2016 to take advantage of these tax benefits for building energy efficient buildings.  These deductions are based on Building Envelope, HVAC and Lighting Systems being designed better than 50% of the ASHRAE – 90.1 2007 energy code.  The deductions are taken in the tax year the building is placed into service.

MYESCO and its energy modeling team provides 179D EPACT Tax certifications for customers who build energy efficient buildings.  If you have questions related to any project qualifying for these Tax Deductions, contact us for a free consultation.

More information on federal tax credits for energy efficiency can be found on the U.S. SBA website here.