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Section 179D – Tax Incentives For Energy Efficient Buildings — Good News From Congress And The Courts

There has recently been a fair amount of activity in the world of Section 179D – an important tax incentive for energy efficient building design. As background, in 2005, Congress enacted Section 179D of the Internal Revenue Code, – the energy efficient commercial building deduction – in an effort to impact the country’s largest consumer of energy, our buildings, and to encourage and incentivize the construction (including rehab) of greener buildings.

Sec. 179D Scores Wins in Congress, Tax Court, Tax Pro Says

Recent legislation and litigation involving the property deduction for energy efficient building projects should be seen as two major victories for taxpayers, particularly designers and contractors, according to a tax professional at a consulting firm specializing in the benefit.

Revolutionizing Energy Storage: New Factory to Repurpose EV Batteries

Texas, is set to boost the U.S. capacity for repurposing old electric vehicle (EV) batteries into long-term energy storage systems. This initiative, partially financed by a $20 million grant from the Department of Energy, marks a significant step in creating an emerging EV battery reuse ecosystem.