Read alliantgroup’s Jim Ramstad and Rick Lazio’s 179D article posted May 28 2014:

A tax provision with bipartisan support that creates jobs, strengthens energy independence, encourages innovation and reduces the burden on taxpayers—in short, as close to a wonder provision as you can get in the tax code.

What is this cure-all of the tax code?  Section 179D – Energy Efficient Commercial Buildings (not to be confused with Section 179 – Expensing for Small Businesses).

Section 179D was first included in the tax code in the Energy Policy Act of 2005, enjoying bipartisan support, and signed into law by President George W. Bush.  As part of a policy of encouraging energy efficiency and independence, Congress wanted to incentivize the private and public sectors to build energy-efficient buildings.

Why a policy to encourage energy-efficient buildings?  Simple—according to the U.S. Department of Energy approximately 36 percent of electricity in this country is consumed by commercial buildings.  While we naturally tend to picture energy consumption in this country as someone pumping gas, the reality is commercial buildings are major users of energy.  Improve energy efficiency of commercial buildings and you are a big step forward in greater energy independence for our country. Encouraging conservation is that rare bird on environmental issues where there are areas of agreement between Republicans and Democrats.

 

Continue reading the article here.

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