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By Jillian Jones | Director, Green Building Tax Incentives
Many designers of tax-exempt, government or nonprofit buildings pursuing the 179D Tax Deduction are typically met with challenges, and partnering with the right provider can be the difference in maximizing benefits for energy-efficient projects.
One design group recently discovered how important the right provider can be when a promising project nearly stalled due to an oversight while securing allocation letters. Needing to secure allocation letters for 15 public school buildings, the firm initially opted to pursue the letters on their own and was confident their technical expertise would get the job done.
This resulted in an elongated process that was met with a set of challenges for the firm:
- Allocation letters were delayed for months
- Only one letter was secured
- The resulting deductions were minimal
Pressure to keep operating costs down from internal stakeholders began to mount, so the firm chose to partner with KBKG to help secure the allocation letters. After working with 179D experts from KBKG, the design firm’s expectations were more than exceeded, as the results went beyond obtaining allocation letters.
In just six weeks, KBKG delivered:
- Allocation letters for 15 schools
- More than $2.25 million worth of certified 179D deductions
- Built a trusting relationship with the building owner to ensure future allocations
The KBKG Difference
KBKG and its team of multidisciplinary experts help clients by navigating the intricacies of 179D. Designed by a team of industry-leading professionals, KBKG’s proven process seamlessly delivers 179D deductions to clients by setting clear expectations with transparent roadmaps and tight deadlines.
KBKG’s team of 179D experts includes:
- Energy consultants who create in-house energy models
- Government relations specialists who secure allocation letters and build relationships between entities
- Licesnsed professional engineers who certify the 179D claim
Conclusion
Maximizing 179D requires a thorough understanding of tax legislation, which is why candidates should consult with a tax professional like KBKG. To learn more about how to qualify for 179D from designing energy-efficient, tax-exempt buildings, architects, engineers, and other designers are encouraged to contact KBKG below.
See if You Qualify Today
About the Author
Jillian Jones | Director – Green Building Tax Incentives
Jillian Jones is a Director for KBKG and is Head of Government Relations for our 179D service line, supporting government entities with their 179D allocation process. Jillian has over a decade of unique experience and has a diverse background in the real estate industry, construction, and tax planning… Read More