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John J. Schultz, CM Energy Consultant RESNET Certified Rater Stevens Point, Wisconsin

John J. Schultz, CM Energy Consultant RESNET Certified Rater Stevens Point, Wisconsin. Energy Policy Act of 2005 IRC Section 179D Commercial Buildings. 179D Buildings “placed in service” 1/1/2006 to 12/31/2013. 179D Buildings Private, Non-Profits are ineligible

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John J. Schultz, CM Energy Consultant RESNET Certified Rater Stevens Point, Wisconsin

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  1. John J. Schultz, CM Energy Consultant RESNET Certified Rater Stevens Point, Wisconsin

  2. Energy Policy Act of 2005 IRC Section 179D Commercial Buildings

  3. 179D Buildings “placed in service” 1/1/2006 to 12/31/2013

  4. 179D Buildings Private, Non-Profits are ineligible (not paying federal income tax)

  5. 179D Buildings Governmental Units are eligible (tax benefit accrues to design-builder and/or designer)

  6. 179D provides for a Tax Deductionof up to $1.80 per Square Foot

  7. 179D Tax Deductionreduces your taxable income

  8. 179D Tax Deduction of $1.80/SF can be 1, 2 or 3 components

  9. 179D Tax Deduction can be $.60/SF each for -Energy Efficient HVAC -Envelope -Lighting

  10. 179D Tax Deduction Certification Requirements • Third-Party Calcs • Energy Modeling • Engineer or Contractor

  11. 179D Tax Deduction Qualification Requirement ASHRAE 90.1 – 2001 Baseline (most WI buildings built to-code qualify)

  12. 179D Tax Deduction • How to take the Deduction • 2006-7 Form 3115 • 3-Year amended return • 20-Year carry forward

  13. 179D Tax Deduction Nothing is submitted with your tax return Keep the certification and calcs on-file, if audited

  14. 179D Tax Deduction What We Need .dwg CAD files (SF) O&M Manual (specs) Inspect the building

  15. 179D Tax Deduction Things to Know Written Fee Proposal Reduces your Basis No fee if no deduction

  16. Q&A Thanks for your time!

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