Here's an article about a seminar in Florida this March. The seminar is on EPAct and the federal tax incentives for commercial buildings that incorporate energy efficiency measures into their design.
First signed into law in 2005, it was extended to 2013 by the 2008 stimulus bill. Incentives are awarded on a per square foot basis and can be as high as $1.80 per square foot. Many of our commercial projects would easily qualify for this incentive, but there is a lack of awareness and sometimes an inability to take advantage of the incentives due to tax liability status.
The actual text of EPAct is long and cryptic, which is not surprising for a government document. There are many ways to qualify for and take advantage of these incentives, and there needs to be more awareness about how to assess and document the requirements.
The seminar below is in Florida this March, but we need to spread the word and help educate peopole here in LA about these potential sources of savings. They could significantly offset the upfront costs of energy efficiency measures considered by commercial developers. Maybe we need to have our own EPAct seminar out here on the west coast. Just a thought.
Maybe next time I'll write about how to decipher the new legislation for potential boons for energy efficiency. The full text is available through www.recovery.org
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