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Incentives for Commercial Buildings

Evergreen incentives for commercial buildingsBusinesses can get deductions of up to $1.80 per square foot for new or existing commercial buildings that are constructed or renovated to save at least 50% of the heating, cooling, ventilation, water heating, and interior lighting energy cost of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of $0.60 per square foot can be taken for improvements to one of three building systems that reduce total heating, cooling, ventilation, water heating and interior lighting energy use by a certain percentage—the building envelope (10%), lighting (20%), or heating and cooling system (20%).

These deductions are available for buildings or systems placed in service from January 1, 2006, through December 31, 2013.  For more information regarding the federal incentives, see your tax professional or go to www.energytaxincentives.org.