Sunset for 179D?

04 / 17 / 13

1 min read

Over the last eight years, one financial motivation for building energy-efficient buildings, in both the commercial and multifamily sectors, has been the Energy Policy Act §179D tax deduction. §179D allowed for up to $1.80 per square foot of reduced tax liability for structures utilizing energy-efficient operating systems.

The policy is scheduled to run out at the end of 2013 if it is not re-approved by Congress before its expiration date of Dec. 31.

Philip Shea, Associate Editor of Multi-Housing News, recently interviewed Marky Moore, CEO and founder of Capital Review Group, on the subject of the expiring EPACT §179D tax deduction and what’s next for commercial-residential multifamily as a result of its expiring status.

You can read the full interview at multihousingnews.com

A few key insights shared by Moore include:

-Energy efficiency is still a hot topic in Washington, D.C., but there are no current plans to continue the reduced tax liability as it exists today.

-Qualifying to use EPACT §179D has been difficult so not many owners have taken advantage of it.

-More education and awareness on the increasing costs of power and energy is needed to encourage retrofit and efficiency adoption projects.

AUTHOR

Sunset for 179D?

Recent articles

The hidden cost of paper: Switching to online accounting software

Introducing Smart Lease: A new era for lease abstraction

From 10 loans to 200: What breaks when private real estate lending scales

We’re here to help

Sunset for 179D?

Yardi Blog Staff

Recent articles

The hidden cost of paper: Switching to online accounting software

Introducing Smart Lease: A new era for lease abstraction

From 10 loans to 200: What breaks when private real estate lending scales

We’re here to help