An Energy-Efficient Building Will Help Companies Earn Some Major Tax Incentives
This episode of Straight Outta Crumpton explores expanded tax incentives for energy-efficient commercial buildings, with Calvetti Ferguson's Abby Massey explaining how Section 179D deductions now apply to more sectors, including nonprofits. Massey breaks down the complexity of these programs and emphasizes the need for specialized guidance to help businesses fully capture available benefits. The conversation highlights both the opportunity and the skepticism surrounding green building initiatives.
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Key takeaways
Section 179D deductions for energy-efficient commercial buildings have been expanded in value and now cover more sectors, including nonprofits.
Expert guidance is critical due to the complexity of energy-efficient tax incentive programs and widespread skepticism about their effectiveness.
Industries such as real estate and HVAC stand to benefit significantly from understanding and leveraging green building tax breaks.
The evolving landscape of energy efficiency and tax incentives holds tremendous promise and challenge for industries ranging from real estate to HVAC. As governments increase the value of deductions for energy-efficient upgrades and extend the opportunities to more sectors including nonprofits, businesses are gaining traction in adopting green initiatives.
However, the complex nature of these programs, coupled with skepticism about their effectiveness, has created an imperative for education and specialized guidance. In the midst of this exciting terrain, Abby Massey, an expert on the subject explains more in the latest, "Straight Outta Crumpton." As the director of tax incentives at Calvetti Ferguson, she has both the engineering know-how and real-world experience to demystify the intricacies of section 179D and other energy-efficient commercial building deductions.
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About the author
Alexandra is a freelance writer based in New York City. She's a big fan of true crime television and the Oxford comma. She has a background in local news reporting, beat reporting, magazine writing, SEO writing, and copywriting.
