Special Notice
Rebates and Federal Tax Deductions
Federal Tax Deductions
A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.
The roof is considered part of the building envelope. Protecting and maintaining your roof with the Topps Products line of highly reflective roof coatings and supplies, restores the roof, solves leaks and contributes to the reduction of energy costs of the commercial building. Discover how it may help a client qualify for special tax deductions.
IRS Notice 2006-52 (6/2/2006) provides guidance on deduction for energy efficient commercial buildings. This Notice is supplemented by IRS Notice 2008-40 (4/7/2008) which amplifies and clarifies Notice 2006-52.
Visit the Energy Star website for more information regarding available tax credits. See “Tax Credits for Commercial Buildings”.
State and Utility Specific Rebates
Please review the Database of State Incentives for Renewables and Efficiency.
THIS INFORMATION IS PRESENTED TO PROVIDE GENERAL INFORMATION ON THE FEDERAL/STATE TAX DEDUCTIONS/REBATES AND IS NOT INTENDED TO BE AN INTERPRETATION OF ELIGIBILITY FOR SUCH. PLEASE CONSULT YOUR PROFESSIONAL TAX ADVISOR.
