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Federal Tax Benefits for Energy Efficient Construction and Renovation BOMA Boise April 20, 2006 Ed Wisniewski Deputy Dir PowerPoint Presentation
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Federal Tax Benefits for Energy Efficient Construction and Renovation BOMA Boise April 20, 2006 Ed Wisniewski Deputy Director CEE About CEE 501c(3) nonprofit organization Funded by 79 members in 28 states and 2 provinces as well as government grants

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Federal Tax Benefits for Energy Efficient Construction and RenovationBOMA BoiseApril 20, 2006Ed WisniewskiDeputy Director CEE
about cee
About CEE
  • 501c(3) nonprofit organization
  • Funded by 79 members in 28 states and 2 provinces as well as government grants
  • Members direct more than $2 billion in efficiency program resource procurement -- over 90% of US ratepayer efficiency funding
  • Provides a forum for working together as a virtual industry (and with ENERGY STAR, other industries)

Disclaimer: Presentation is for general information purposes. Consult with a professional tax advisor.

acknowledgements
Acknowledgements

David Goldstein

Energy Program Director

Natural Resources Defense Council

Joseph Mikrut

Partner

Capitol Tax Partners, LLC

Kyle Pitsor

Vice President, Government Relations

National Electrical Manufacturers Association

what s epact and what s in it for me
What’s EPACT and What’s In It For Me?
  • SECTION 1331 OF H.R. 6, (PUBLIC LAW 109-58)
  • Tax Deduction Provision for Energy- Efficient Commercial Building Property
  • Extra Financial Assistance
building and expenditure type
Building and Expenditure Type
  • Tax Deduction for Measures to Achieve 50% Savings Compared to ASHRAE 90.1-2001 Baseline.
    • Interior Lighting
    • Heating, Cooling, Ventilation, Hot Water Systems
    • Building Envelope
deduction available
Deduction Available
  • Equal to the Cost of the EE Measure
  • Subject to a Cap of $1.80 per sq/ ft.
  • Allowed During the Year Property is Placed in Service
  • Current Law – 2006 and 2007
  • Bill to Extend Additional 5 Years
partial deductions for sub systems
Partial Deductions For Sub Systems
  • Up to $.60 per sq. ft. for Each of Three Subsystems
    • Interior Lighting (Interim Rules in Place)
    • Heating, cooling, ventilation, and hot water systems
    • Building Envelope
lighting partial deduction
Lighting Partial Deduction
  • Sliding Scale Based Upon Lighting Power Density Reductions
  • Table 9.3.1.1 or 9.3.1.2 of ASHRAE/IESNA Standard 90.1 - 2001
  • $.30 for 25 Percent Reduction
  • $.60 for 40 Percent Reduction
  • Control Requirements Must Be Met
sample measures
Sample Measures
  • Compliance is similar to energy codes such as the IECC or ASHRAE 90.1.
  • Technologies that are credited include:
    • More efficient cooling and water heating equipment
    • Better controls than required by code
    • Reductions in losses from ducts and fans
    • Better insulation and windows
    • Reducing or eliminating simultaneous heating and cooling
    • More efficient luminaires, ballasts, and lamps, and selection of more efficient light sources
additional examples
Additional Examples
  • Daylighting
  • Commissioning
  • CHP
  • Semi-Conditioned Spaces
  • Low-Pressure Duct Systems
certification requirements
Certification Requirements
  • Secretary of Treasury to Promulgate Regulations
    • Describe Methods to Calculate Energy and Power Costs
    • “Qualify” Software
    • Establish Requirements for “Certifiers”
    • Identify Verification Requirements
beneficiary
Beneficiary
  • Deduction for the Company that Owns the Property
  • For Public Buildings -- Provision to Allocate Deduction to Primary Designer of the Property
resources for potential support
Resources for Potential Support
  • Idaho Power www.Idahopower.com
  • Northwest Energy Efficiency Alliance

www.nwalliance.org

  • Commercial Building Tax Coalition

www.efficientbuildings.org

  • American Society of Heating, Refrigerating and Air-Conditioning Engineers www.ashrae.org
  • New Buildings Institute www.newbuildings.org
  • US Department of Energy www.doe.gov
  • US Environmental Protection Agency www.epa.gov
  • BOMA Energy Efficiency Program

www.boma.org/aboutboma/beep

  • Consortium for Energy Efficiency www.cee1.org
boma training
BOMA Training
  • BOMA Energy Efficiency Program (BEEP). BEEP is an operational excellence program designed to educate owners and managers about the financial and environmental benefits of improving energy efficiency. www.boma.org/aboutboma/beep
nw alliance better bricks
NW Alliance – Better Bricks
  • Resource for information and services to help architects, developers, builders and facilities managers incorporate energy efficiency into their building designs, construction plans and day-to-day maintenance operations.

www.betterbricks.com

us epa energy star
US EPA ENERGY STAR®
  • ENERGY STAR offers guidelines for energy management and improving energy efficiency
  • Includes online national energy performance rating system to benchmark energy performance
  • Provides no-cost training programs geared toward commercial real estate professions
  • Also includes an online directory of product and service providers
possible guidance on meeting advanced energy targets
Possible Guidance on Meeting Advanced Energy Targets
  • New Buildings Institute (NBI)
    • Advanced Buildings™ Suite:
      • Benchmark™
      • Benefits Guide
      • Reference Guide
    • Advanced Lighting Guidelines
  • These documents describe processes for designing with energy efficiency as well as architectural and engineering choices
  • Case Studies Available at:

www.advancedbuildings.net

cbtd coalition
CBTD Coalition
  • Implementation requires promptly getting the regulatory rules right and to vigorously promote the provision.
  • NEMA has brought together a broad stakeholder coalition representing building owners, designers, manufacturers, distributors, installation contractors, efficiency advocates, and government to work together to ensure success.
cbtd progress to date
CBTD Progress to Date
  • Routine Coalition meetings held with stakeholder associations
  • 40 organizations represented
  • Website devoted to the CBTD was launched in December 05 www.efficientbuildings.org
  • Communications plan developed -- CBTD clearinghouse
  • NEMA has prepared a tri-fold pocket guide to the deduction, which is on the NEMA website, www.nema.org
working together
Working Together
  • Consortium for Energy Efficiency (www.cee1.org) members are working with private sector companies and trade associations to provide support to comply.
contact information
Contact information:
  • David B. Goldstein, Ph.D.

Natural Resources Defense Council

dgoldstein@nrdc.org

  • Joseph Mikrut

Capitol Tax Partners

mikrut@capitoltax.com

Kyle Pitsor

National Electrical Manufacturers Association

kyl_pitsor@nema.org

Ed Wisniewski

CEE

ewisniewski@cee1.org

mark your calendars
MARK YOUR CALENDARS!

Want more information on this topic? Plan to attend BOMA International’s North American Commercial Real Estate Congress and The Office Building Show where updates and additional education on the Energy Bill are planned!

When: June 24-27

Where: Dallas, TX

For more information visit: www.bomaconvention.org or call

202-326-6341.