Date: 01/14/2025
Type: Implementation of IRA
On January 14, 2025, DOE released the the section 179D portal to allow taxpayers owning commercial buildings to estimate possible tax deductions for installing energy-efficiency technologies in their buildings. Eligibility is determined by reducing annual energy costs through interior lighting; heating, ventilation, water heating or “building envelope system improvements.”
Section 179D was updated by IRA section 13303, expanding eligibility for the preexisting Energy Efficient Commercial Buildings Deduction.