Section 179D Overview
Section 179D, also known as the Energy-Efficient Commercial Building Property (EECBP) Tax Deduction, was enacted to encourage commercial building owners and primary designers to implement energy-efficient building components in newly constructed or existing commercial and government buildings. Section 179D enables commercial building owners to claim a tax deduction of up to $5 per square foot for improving the energy efficiency of new and existing buildings. To qualify, a building must meet or exceed key energy reduction requirements and ASHRAE standards.
Buildings that are owned by non-tax-paying entities can allocate their 179D deduction to the taxpaying primary designer for the energy-efficient components of the buildings. This allocation is based on a first-come, first-serve basis.
Intro to the Client
3D Baking Company is a traditional artisan bread manufacturing company based out of Chicago, Illinois. They create proprietary breads for many big box retail grocers that sell their product nationwide. 3D Baking recently expanded and acquired a second location due to an increased demand of their breads, which in turn created a large influx of revenue to their business.
Ayming USA’s expert team
Ayming USA’s delivery team consists of 179D experts that evaluated the energy efficiency of 3D Baking’s buildings and provided a detailed analysis of the potential tax savings. Following the technical and financial kick off, Ayming interviewed 3D Baking’s technical team to assess all previous and current projects to identify qualified components for the 179D claim. With the financial part of the claim completed, Ayming delivered the final report for 3D Baking to sign off and submit to the IRS.
“We are very satisfied working with Ayming. They have so many valuable experts who helped guide us through the 179D process. The advantage we received from partnering up with the experts at Ayming has benefited my company more than we can measure. I 100% recommend Ayming’s services as they are a value-add to your company.”
Willie Zimberoff, President
Results & Innovation
The 179D Commercial Building Owner Tax Deduction study for 3D Baking yielded over $120,000 in tax deductions! 3D Baking’s recent renovations to their buildings, coupled with the other various energy efficient components of their buildings, resulted in both of their projects reaching the full 179D tax deduction.
For more information on Ayming’s 179D Tax Deduction service, get in touch with our experts today:
