UTILITY INCENTIVES

Energy efficiency is in demand. Despite the benefits and the success of energy efficiency programs in the country, energy efficiency and the available incentives for such remain significantly underutilized in the end use energy portfolio.

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Utility providers have annual savings goals that they are expected to meet. Incentives are an energy savings alternate to significantly higher capital expense of expanding power plant capacity and infrastructure.

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Utility rebates are programs are designed to reward the early adopters for implementing energy efficiency measures in a given space. Utility rebates help to lower the initial cost of acquisition, which in turn shortens the payback period of the investment. Some incentives can cover as much as 100% of the system cost. But with thousands of eligible products, from over 3000 utility providers and their changing qualifications and complex data requirements, end-users are challenged to manage costs and error rates for existing programs.

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FEDERAL TAX DEDUCTION

A streamlined and transparent process to insure accelerated ROI and payback

The Energy Policy Act of 2005 (EPAct), is the most comprehensive energy bill ever passed in the United States, incorporates both increased supply and demand reduction measures. Section 179D of EPAct established a tax deduction of up to $1.80 per square foot for qualifying structures, including a retroactive deduction for existing facilities that meet specific requirements. Despite this potentially significant benefit, many building owners and managers are unaware of the deduction or how to go about obtaining it.

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The 179D Tax Deduction is a very complex energy stuady that most CPA firms feel that their client’s will not qualify for. The language that the tax code has been written as such that the 179D Tax Deduction would need to be planned prior to designing or retrofitting the building. Therefore many CPA firms will not bring this deduction to your attention after the completion of your retrofit or new construction.

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Mohrco has the internal resources to process and insure our clients receive this qualifying deduction. Within our interdisciplinary organization are experts specializing in tax law, accounting, engineering, and LEED with certification in all 50 states. Ideal candidates for EPAct deductions are newly constructed buildings with at least 20,000 sq ft., renovation projects (particularly lighting retrofits), and regional or national chains that feature multiple locations.

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To learn about the specific 179D benefits that your business may be eligible to receive, contact Mohrco today at 516-274-3500 or compete the brief inquiry form. Our engineers will conduct a complimentary no-obligation feasibility study allowing us to pre-qualify your project. Minimal information is require.

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