User:Lucywo/sandbox

Many building owners are unaware that the [|Energy Policy Act of 2005] includes a tax deduction (§179D)for investments in "energy efficient commercial building property" designed to significantly reduce the heating, cooling, water heating and interior lighting cost of new or existing commercial buildings placed into service between January 1, 2006 and December 31, 2013. §179D includes full and partial tax deductions for investments in energy efficient commercial building that are designed to increase the efficiency of energy-consuming functions. The deduction available is up to $.60 per square foot for each of the following: lighting, HVAC and building envelope, creating the potential for $1.80 per square foot if all three components/subsystems qualify. In order to qualify for the deduction, the taxpayer must receive a third party energy efficiency certification.

Summary of 179DBold text 	Interim guidance on energy efficient commercial buildings under section §179D of the Internal Revenue Code (IRC) 	Available to taxpayers that install energy efficient property between January 1, 2006 and December 31, 2013 “The latest extension of section §179D is via the Energy Improvement & Extension Act of 2008” 	Up to $.60 for lighting, $.60 for HVAC and $.60 for building envelope, creating a potential deduction of $1.80 per sq/ft 	IRS mandated software must be usedhttp://www.irs.gov/irb/2008-14_IRB/ar12.html 	An independent 3rd party must certify to the qualification Summary of Energy Savings Percentages Provided by IRS Guidance

Energy Savings Percentages permitted under Notice 2006-52 Interior Lighting Systems	16⅔% Heating, Cooling, Ventilation, and Hot Water Systems	16⅔% Building Envelope 16⅔% Effective for property placed in service January 1, 2006 – December 31,2008

Energy Savings Percentages permitted under Notice 2008-40 Interior Lighting Systems	20% Heating, Cooling, Ventilation, and Hot Water Systems	20% Building Envelope 10% Effective for property placed in service January 1, 2006 – December 31,2013 Energy Savings Percentages permitted under Notice 2012-22 Interior Lighting Systems	25% Heating, Cooling, Ventilation, and Hot Water Systems	15% Building Envelope	10% Effective date of Notice 2012-22 – December 31, 2013; if § 179D is extended beyond December 31, 2013, also effective (except as otherwise provided in an amendment of § 179D or the guidance thereunder) during the period of the extension