Lighting Tax Deduction. The Energy Efficient Commercial Buildings Tax Deduction. EPAct 2005’s Commercial Buildings Deduction provides the entire cost of energy-efficient interior lighting to be deducted in the year it is placed in service, subject to a cap.
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This Deduction is achievable using commercially available lighting technologies and good lighting practice aimed at exceeding the national energy standard.The owner claims the Deduction using standard tax forms.
To earn the accelerated tax deduction, the objective is to increase efficiency beyond today’s energy standard.
For all buildings except warehouses, the Interim Lighting Rules offer an accelerated tax deduction that is the lesser of:
For warehouses, the Interim Lighting Rules offer an accelerated tax deduction that is the lesser of:
Lighting power savings are based on exceeding the minimum requirements of ASHRAE/IES 90.1-2001, the standard energy code.
Many technologies can be used to achieve the efficiency targets, such as:
Many technologies can be used to achieve the controls requirements, such as: