On December 31st, 2016 the 179D Tax Deduction opportunity will be gone. This portion of the tax code was meant to expire in 2014 but was extended two years to benefit building owners that invest in energy efficient improvements to their property including interior lighting, building envelope, or HVAC. If these improvements lead to a 50% deduction in energy usage you will qualify for up to $1.80 per square foot in tax deduction. Deductions of $.60 per square foot apply to those that retrofit individual systems to partially qualify by meeting certain building target levels.
If you are interested in gaining the benefits of the 179D tax deduction before it disappears but don’t have it in the budget you’re still in luck. Projects can be fully financed through our partner NOESIS, the leaders in commercial property improvement financing. The amount you save on your electricity bill from the retrofit will fully cover your monthly project payment. On top of that you will qualify for the 179D tax deduction which will significantly lower your project cost.
We offer free lighting audits so that you can learn more and determine if an LED lighting retrofit is right for you. Don’t miss the chance to benefit from the 179D tax deduction. Schedule an appointment with one of our lighting specialists here.