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CSSI: Your Partner in Leveraging the 179D Tax Deduction

Donu2019t leave money on the table. CSSIu2019s expertise ensures your energy-efficient upgrades qualify for maximum tax deductions, helping you invest smarter in sustainable solutions. Visit: https://cssiservices.com/understanding-the-179d-tax-deduction/

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CSSI: Your Partner in Leveraging the 179D Tax Deduction

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  1. Understanding the 179D Tax Deduction A Comprehensive Guide for Energy-Efficient Building Owners and Designers

  2. What is the 179D Tax Deduction? Overview: The 179D tax deduction incentivizes energy-efficient upgrades in commercial buildings. Eligibility: Available for commercial property owners, designers, and contractors. Applies to buildings placed in service after January 1, 2006.

  3. Key Benefits of 179D 1. Up to $5.00 per square foot deduction for qualifying improvements. Recognizes upgrades in: HVAC systems Lighting systems Building envelopes Encourages environmentally sustainable practices while reducing tax liabilities. 2. 3.

  4. Who Qualifies for 179D? Eligible Entities: Owners of commercial buildings. Designers of energy-efficient systems in government- owned buildings (architects, engineers, contractors). Building Types: Commercial buildings (new or renovated). Multifamily properties (at least 4 stories). Government-owned buildings.

  5. Qualifying Energy- Efficient Measures Systems That Qualify: HVAC systems: Heating, ventilation, air conditioning. Building envelope: Insulation, roofing, windows. Lighting systems: Energy-efficient interior lighting. Energy Savings Requirements: Reduction in total energy and power costs of at least 25%-50% compared to baseline standards set by ASHRAE (American Society of Heating, Refrigerating, Engineers). and Air-Conditioning

  6. Claiming the Deduction Steps to Claim 179D: 1. Engage a qualified certifier (licensed engineer or contractor). Obtain a certification report verifying energy efficiency compliance. Include the deduction in your federal tax filings. Documentation Required: Certification report. Tax forms and related schedules. Records of building specifications and energy-saving measures. 2. 3.

  7. Recent Updates to 179D Inflation Reduction Act (IRA) Updates (2022): Increased deduction limits. Expanded eligibility for designers and contractors. New sustainability thresholds for energy performance. Extended Permanency: 179D is now a permanent part of the tax code, providing long-term incentives.

  8. Why Utilize 179D? Financial benefits: Reduces tax liability. Promotes energy sustainability. Enhances building performance and value. "Take advantage of 179D to reduce costs and contribute to a greener future!"

  9. Get to know more: https://cssiservices.com/ 866-757-6484 10211 Siegen Lane, Building 1, Baton Rouge, LA, 70810 Thank You!

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