Case Study 8 of 8: Qualifying as a designer of energy-efficient properties

Case Study 8 of 8: Qualifying as a designer of energy-efficient properties

Case Study 8 of 8: Qualifying as a designer of energy-efficient properties    Our final review of the IRS case studies in Memorandum AM 2018-005 wraps up our series examining eight scenarios that help clarify the confusion that can surround a successful §179D tax deduction allocation.   As IRS §179D tax deduction allocations have been … Read more

Case Study 6 of 8: Qualifying as a designer of energy-efficient properties

Case Study 6 of 8: Qualifying as a designer of energy-efficient properties    The framework of Internal Revenue Code §179D has guided property owners in establishing whether their projects have achieved the necessary energy and power cost savings to claim a tax deduction. Last year, this updated deduction became permanent through the passage of the … Read more

Case Study 5 of 8: Qualifying as a designer of energy-efficient properties

Case Study 5 of 8: Qualifying as a designer of energy-efficient properties    Construction contractors and designers are very interested in requesting the IRC §179D deduction from owners of qualifying energy efficient commercial building properties (EECP). This tax deduction, which was initially part of the Energy Policy Act of 2005, has become permanent and updated … Read more

What are the 2023 updates to Form 8908?

What are the 2023 updates to Form 8908?   Form 8908 is the document eligible contractors use to claim the Section 45L tax credit. This IRS credit incentivizes homebuilders and developers to construct energy-efficient residential properties. Continuing to leverage this credit provides substantial tax benefits and actively contributes to promoting sustainable and eco-friendly housing options.  … Read more

Case Study 4 of 8: Qualifying as a designer of energy-efficient properties

Case Study 4 of 8: Qualifying as a designer of energy-efficient properties    For nearly two decades, IRC §179D has provided a tax deduction to property owners who install qualifying energy efficient commercial building property (EECP). Initially part of the Energy Policy Act of 2005, this deduction has become permanent and updated through the passage … Read more

The Opportunity for Larger §179D Deductions Without Prevailing Wage Qualification

Once of the biggest changes to occur with IRC Section 179D and 45L credits is the use of prevailing wage and apprentice-based project labor, which occurred with the passage of the Inflation Reduction Act in 2022. Projects placed in service after December 31, 2022, now have a two-tiered deduction with projects meeting the prevailing wage … Read more

Inflation Reduction Act of 2022 makes Major Changes to §179D and §45L Energy Tax Incentives.

  We are excited to announce that the Inflation Reduction Act (IRA) of 2022 has drastically improved and expanded §179D Energy Efficient Commercial Building Tax Deduction and Extended and increased the §45L Tax Credit for Energy Efficient Homes. The new bill signed into law is full of exciting opportunities for energy-efficient buildings and homes! A … Read more

Contact Walker Blue Today