A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems replaced in service from January 1, 2006, through December 31, 2013.
The roof is an important part of the building envelope. Installing Foam-LOK™ spray foam roofing insulation with a reflective Thermo-Flex™ acrylic elastomeric roof coating over an existing roof deck restores the roof, adds insulation and contributes to the reduction of energy costs of commercial buildings. If you have any questions don’t hesitate to contact us. SVB Conglomerate, Inc. is here to assist you in bringing your building into a greener building in the central Texas and Austin Metro area.
IRS Notice 2006-52 (6/2/2006) provides guidance on the deduction for energy efficient commercial buildings. Please consult a qualified tax specialist if you require further information, or guidance.
Visit the following Energy Star website for more information regarding available tax credits: ENERGY STAR COMMERCIAL TAX CREDITS
This information is presented to provide general information on the new federal tax deductions and is not intended to be an interpretation of eligibility for the tax credit. Please consult with a qualified tax advisor to discuss eligibility.
