Engineering & Construction
An Energy-Efficient Building Will Help Companies Earn Some Major Tax Incentives
Businesses can now leverage expanded tax breaks to offset the cost of green building upgrades across more sectors than ever before
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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.
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.
