Efficiency Energy specializes in calculating and qualifying your Energy Policy Tax Deductions. Upon completion of your project we will provide certification for your accelerated depreciation. We will also provide all necessary documentation for your records.
Efficiency Energy Tax Deduction Certification Services are offered to companies that implemented energy efficient capital investment programs during tax years 2006, 2007, and 2008. Specifically, Energy Efficient Lighting, Heating, Ventilation, and Air Conditioning system retrofits may have qualified for a Federal Tax Deduction under terms stipulated in the Energy Policy Act of 2005. Efficiency Energy performs audits for the purpose of soliciting federal tax refunds omitted deductions on a client’s income tax return or certifying work done in the current fiscal year.
Be careful dealing with companies that tell you that you can just get the E.P. Act Tax Deduction. Correct calculations and documentation must be represented to qualify your deduction. Participation of an energy specialist, a certified installer and the tenant are necessary for proper qualifications. Efficiency Energy will provide all necessary information to your accountant to earn you your full deduction.
<-->Many utility companies provide rebates for utilizing energy conserving products for new construction projects as well as retrofitting existing facilities. Efficiency Energy will calculate your custom and standard rebates and evaluate which incentives will be the most beneficial for you. E.E. will provide your account manager all necessary information to approve your rebate as quickly as possible. After the completion of the project you will receive the total rebate in no longer than one month. Your company may choose to sign the pre-approved rebate over to E.E. to lower your out-of-pocket project cost by the rebate amount.
Be careful dealing with companies that tell you that you can just get the E.P. Act Tax Deduction. Correct calculations and documentation must be represented to qualify your deduction. Participation of an energy specialist, a certified installer and the tenant are necessary for proper qualifications. Efficiency Energy will provide all necessary information to your accountant to earn you your full deduction.
Pursuant to general practice, a 35% fee is charged against monies recouped, less retainer and/or applicable expenses. A sliding scale is used on a case-by-case basis.
William Volker
wvolker@wesavegreen.com
The Energy Policy Act of 2005 (Pub.L. 109-058) is a statute that was passed by the United States Congress on July 29, 2005 and signed into law by President George W. Bush on August 8, 2005 at Sandia National Laboratories in Albuquerque, New Mexico. The Act, described by proponents as an attempt to combat growing energy problems, provides tax incentives and loan guarantees for energy production of various types.
The commercial building Tax Deductions can be used to improve the payback period of a prospective energy improvement investment.
Often the deductions are combined with participation in demand response programs where buildings agree to curtail usage at peak times for a premium.
The most common qualifying projects are in the lighting area. Industrial spaces such as Manufacturing, Warehouse and Distribution Centers are typically lit with 400W Metal Halide and outdated T-12 fluorescent fixtures. These fixtures are commonly being upgraded with Hi-Bay Fluorescent fixtures that can cut energy use in half as well as qualify the building for Tax Deductions.
There are also qualifying applications in HVAC and Body Envelope projects.