Take the Shock Out of Your Electric Bills

Take the Shock Out of Your Electric Bills

Benefits of High Efficiency Lighting

For your upcoming projects, keep in mind that technological advances have improved the energy efficiency of fluorescent lighting systems by 30% to more than 50% - these are direct savings clients immediately reap once installed

Additional energy saving solutions will further reduce their monthly utility bill and operating expenses, leaving you with extra capital for other purposes.  To make it even more worthwhile, a tax deduction was created in 2005.  Recently expired at the end of 2013, we are waiting expectantly to hear news of a Congressional extension - so far there has not been.  Click here to view the original EPACT (551 page document).

This Energy Efficient Commercial Buildings Tax Deduction that was created by the Energy Policy Act of 2005 (EPACT) expired at the end of 2013.  The act cuts the owner's  initial cost of investing in energy efficient lighting through an accelerated tax deduction.   (between  $.30-$1.80/sq ft). 

Building owners (and some tenants) can do an up front full cost of a full upgrade/installation write off the first year of a full upgrade instead of the regular route of depreciating the expense over a span of approximately 30 years or more.  
 

An immediate deduction is a tremendous tax incentive for your client and should be brought to their attention during the development phase of a project.  The Act also allowed for a $.60 per sq. ft. tax deduction for those opting to do retrofits as opposed to a full new installation.  (Standards apply.) 

(Note that the current status and what the policy encompasses may change in the future, please check directly with EPACT for any changes and updates as this post may not reflect later changes.)