Making EPAct Simple
Are you missing out on a sizeable tax deduction when upgrading to energy efficient lighting in your facilities?
The Energy Policy Act of 2005 (EPAct) established a tax deduction for installing energy efficient technologies in commercial buildings. The deduction is available to many types of commercial buildings such as stores, offices, warehouses, hotels and manufacturing facilities.
The tax deductions are actually an accelerated depreciation of capital assets. When you upgrade to efficient lighting that meets the criteria, you may qualify for deductions of up to 60 cents per square foot up to the total cost of the project.
Qualifying for the Commercial Building Tax Deduction in EPAct requires properties to meet several criteria such as minimum lighting power density levels, correct illumination levels and control provisions.
BriteSwitch can help you by:
- Analyzing designs for eligibility.
- Calculating the potential EPAct tax deduction.
- Optimizing the EPAct tax deduction.
- Assuring project certification.
The final result will be all the documentation you need for your tax professional to file your EPAct tax deduction, including the Certificate of Compliance.
* Photo by David Paul Ohmer