Expansion of 179D Benefits under the Inflation Reduction Act
As the world grapples with the challenges of rising energy costs, energy efficiency and conservation have become critical for governments, businesses, and individuals.
As the world grapples with the challenges of rising energy costs, energy efficiency and conservation have become critical for governments, businesses, and individuals.
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.