Overview of 179D Consulting Services
Our enhanced consulting services for the 179D Energy Efficient Commercial Buildings Deduction are specially tailored for project owners, GCs, lighting, HVAC, and Controls contractors. We focus on strategic planning to maximize your competitive advantage by leveraging this tax deduction, to benefit your projects and clients. For government and nonprofit projects, we guide the allocation process so that all parties benefit on eligible projects. This approach ensures your projects not only meet but exceed energy efficiency standards, providing substantial financial incentives through tax savings.
Strategic Planning for Competitive Advantage
- Customized Project Strategies: We develop tailored strategies for your specific role in construction and retrofit projects, ensuring you can capitalize on the 179D deduction. This includes identifying key opportunities to implement energy-efficient solutions that meet the stringent requirements for tax savings.
- Competitive Bidding: Our consulting services enhance your bids on projects by incorporating the 179D deduction into your proposals, offering greater value to your clients and a competitive edge in the market. We can craft RFPs to ensure compliance and maximum savings.
Direct Tax Benefits for Contractors and Designers
- Tax Reduction Guidance: We navigate the complex IRS regulations to help you directly benefit from the 179D deduction. For eligible projects with government and nonprofit clients, we outline how you can reduce your tax liability through a deduction allocation process, providing a direct financial benefit to your business.
- Allocation of Deduction: Special emphasis is placed on understanding how designers and contractors can qualify for and claim a portion of the deduction directly, under specific circumstances when working with government-owned and nonprofit buildings where the tax benefits can be allocated to the party or parties responsible for the design, and how to create win-win scenarios with these clients to lower project costs and maximize tax savings.
Implementation and Compliance
- Energy Modeling Services: 179D requires 3rd-party analysis of the project compared with its baseline energy model. We provide turnkey energy model services quantify the energy efficiency of your project and tie it to the appropriate deduction level.
- Certification and Documentation: Our team assists in the certification process and prepares all necessary documentation to substantiate the energy savings and compliance with the 179D requirements, simplifying the process of claiming the deduction.
- Prevailing Wage and Apprenticeship (PW&A) Requirements: 80% of the 179D deduction is tied to the project meeting PW&A requirements. We work with contractors to ensure compliance and properly document PW&A so that their clients can claim the maximum deductions for their projects.
Financial Analysis and Reporting
- Cost-Benefit Analysis: We conduct thorough financial analyses to illustrate the potential tax savings versus the initial investment in energy-efficient technologies, helping you make informed decisions.
- Reporting and Claiming Deductions: Detailed guidance on how to report these deductions on your tax returns is provided, ensuring you fully capitalize on the available tax benefits.
Why Choose Us
Our services are designed to empower Architects, General Contractors, Lighting Retrofit Contractors, HVAC, and Controls Contractors to not only deliver energy-efficient projects that benefit their clients but also to strategically use the 179D deduction to lower their own tax liabilities. This dual benefit enhances your marketability, profitability, and customer satisfaction.
