179D and 45L allows for new builds and upgraded buildings to get back massive savings. Whether your building is energy-efficient, or plans to be, our team can guide you through tapping into these valuable tax incentives.
What is Section 179D?
Section 179D offers lucrative tax deductions for businesses investing in energy-efficient improvements in commercial buildings. Whether you're renovating your existing structure or constructing a new one, there's a potential to claim up $5+ per square foot. And with TaxTaker by your side, every step is simplified.
What Type of Buildings Qualify?
Commercial buildings 25,000 ft² and larger
Industrial, Office, & Big Box Retail
Hotels
Parking Garages
Schools
Churches
Hospitals
Multi-Family Homes
What Building Improvements are Eligible under 179D?
Building Envelope: Enhancements to insulation, roofing, windows, and doors.
Interior Lighting: Integrating energy-saving fixtures and innovative daylighting.
HVAC Systems: Opting for high-efficiency heating, ventilation, and cooling systems.
Solar Integration: Harnessing solar power with cutting-edge technologies.
Why Choose TaxTaker for 179D Program?
Expertise: Decades of experience in navigating tax credits and incentives, ensuring you claim the maximum.
Customized Approach: Personalized strategies that align with your project's goals and maximize deductions.
End-to-End Assistance: From initial consultation to filing, we've got your back.
Trusted by Accountants and CFOs across the country.
What is Section 45L?
The 45L Tax Credit is a potent Federal incentive, initially offering $2,000 for each qualifying dwelling unit, designed to reward the construction of energy-efficient homes and units. This substantial credit benefits multifamily developers, investors, and home builders for units sold or leased post-December 31, 2005.
What’s New?
The Inflation Reduction Act brings forth promising enhancements:
Tax Credit Increase: Enjoy up to $5,000 credit per dwelling unit for both single-family and multifamily developments.
Expanded Eligibility: All residential projects, including mid and high-rise, are now eligible,transcending the previous limitation to low-rise constructions.
Aligned Energy Standards: Updated energy efficiency criteria now resonate with the Department of Energy's Energy Star and Zero Energy Ready Homes standards.
Ideal Candidates
The Ideal candidates for Section 45L are:
Apartment buildings
Residential condominiums
Single-family home developments: with 20 or more units stand as ideal candidates.
Ready to Go Green and Save Green?
If you’re curious to see if you’re eligible, our team is standing by!
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