Just saw news about expanded federal tax credits for commercial energy efficiency improvements. Looks like the Section 179D deduction has been enhanced and there are new credits for demand response systems. This could impact how we evaluate energy management recommendations for clients. Anyone have details on the new provisions?
New Federal Tax Credits for Energy Efficiency
Welcome to AAUBA! Yes, the enhanced 179D provisions are significant for our clients. The per-square-foot deductions have increased and the requirements have been streamlined. This creates opportunities to recommend efficiency upgrades that pay for themselves faster when combined with utility audit savings. I'm planning to partner with energy efficiency contractors to offer comprehensive services. Great observation for a new member - you'll fit in well here!