The Stimulus Package & HVAC

摘要

If maintenance just isn't cutting it for your HVAC systems anymore, it might be time for an upgrade. Did you know that you could be eligible for a tax deduction or stimulus energy-efficiency credits of up to $1.80 per square foot for improving the energy efficiency of your building (or designing high efficiency into new buildings)?rnThe Energy Policy Act of 2005 (EPAct) includes a tax deduction for investments in energy-efficient commercial building property, designed to significantly reduce the heating, cooling, water heating, and interior lighting energy costs of new or existing buildings. The equipment must be placed into service by Dec. 31, 2013. To qualify for the full deduction, you must make investments designed to reduce energy costs by at least 50 percent. A partial deduction of 60 cents per square foot is available for investments in lighting, heating and cooling, or the building envelope that are designed to reduce energy costs by at least 16 2/3 percent.