Summary The 179D Deduction is a tax incentive that every project manager, owner, and contractor involved in commercial projects needs to understand. Almost every commercial construction project underway in the United States today can potentially qualify for up to a $5.00 per square foot tax deduction, often without modifying plans from current design. Documentation requirements are high but can be easily managed by an energy consulting and accounting firm to maximize the deduction without a hassle....

Note: Much of this info is summarized from Energy.gov, IRS.gov, and WhiteHouse.gov. More details, sources, and information about additional tax credits can be found here. For many years, solar has had great tax incentives to support commercial solar projects. Now with the Inflation Reduction Act (IRA), passed in Aug. 2022, provides credits and depreciation deductions that combine to give Year 1 2023 tax incentives that cover 47% (or more) of system cost!...