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The "Commercial Building Tax Deduction" establishes a tax deduction for energy efficient building expenditures made by a building owner. A tax deduction of up to $1.80 per square foot is available to owners of new or existing commercial buildings where it is certified that upgrades to the:
will reduce the total annual energy and power costs (with respect to combined usage) by 50% (or more) as compared to the minimum requirements of a Standard 90.1 ‘Reference Building’. Reductions in any other energy uses, such as receptacles, process loads, refrigeration, cooking and elevators, are not taken into account in determining whether the 50% reduction is achieved.
Partial deductions of up to $.60 per square foot can be taken for measures approaching 50% energy savings. These partial deductions can be somewhat more achievable. For example, if an owner upgrades lighting that reduces the lighting energy intensity (watts/sf) to say only 75% of ASHRAE Standard 90.1, the owner is eligible to receive a proportion of the ‘Partial Deduction’ ($.60 per square foot). These tax deductions are available for systems placed in service from January 1, 2006 through December 31, 2013. Hawkeye Energy Solutions will work with state and federal agencies to maximize incentives for your projects.
A variety of state and local incentives are available for renewable energy and energy conservation projects. Please use the following link to find the state incentives in your area.
Energy Monitoring goes hand in hand with United States Green Building Council (USGBC) LEED certification. Up to 3 points are available for installing energy monitoring under Measurement and Verification EA Credit 5.
The U.S Department of Energy (DOE) has many programs for United States Industry. One example is a program called 'BestPractices'. BestPractices is a program within the Industrial Technologies Program (ITP) of the DOE that supports a mission to improve energy efficiency. Hawkeye Energy Solutions can help you find and use these valuable DOE resources.
ComEd offers incentives for projects that increase energy efficiency. Incentives are available for all types of projects ranging from lighting retrofits to custom energy management systems.
Hawkeye Energy Solutions is a ComEd Smart Ideas Trade Ally. A Trade Ally is a title given to companies that have experience with the incentive program. Hawkeye's team of professional engineers and AEE certified energy managers can help you maximize incentives for energy saving projects.
Both Nicor and Peoples Gas have rebate programs for energy efficiency projects. Both programs provide customers with energy education, resources and financial rebates to make energy use more efficient and affordable.
Hawkeye's team of professional engineers and AEE certified energy managers can help you maximize incentives for gas saving energy projects.