Virginia Section 179D Tax Deduction Services
Section 179D Tax Deduction – Virginia
Sustainable building has become a significant trend in recent years, becoming a standard practice in industries such as architecture, construction, and engineering. To help incentivize these sustainable building practices, companies can utilize the Section 179D tax deduction, a compelling federal tax incentive available to companies designing and constructing energy efficient systems in commercial buildings.
This deduction is especially beneficial for Virginia companies working on energy efficient projects, making it a key financial tool for architects, engineers, and contractors aiming to enhance the state’s sustainability efforts. As cities like Richmond and Chesapeake continue to grow, commercial real estate opportunities will expand alongside them. Section 179D opens the door to tax savings for these projects.
Qualifying for Section 179D
Many commercial building owners and designers (architects, engineers, contractors, and more) can qualify for the Section 179D deduction. The deduction allows various industries to claim a tax deduction for new construction or renovation projects completed since 2006. Specifically, Section 179D is eligible for work performed on three systems: interior lighting, HVAC (heating, cooling, and ventilation) and hot water, and building envelope.
Section 179D Experience
Our firm has significant experience working with companies across various industries nationwide to claim this lucrative tax savings opportunity. Calvetti Ferguson team members have the professional engineering and accounting expertise to conduct the required quantitative and qualitative assessments, provide certifications, and prepare the necessary documents for submission to the IRS. The result is a turnkey process that can result in significant federal tax savings.
Case Studies
The LEED Green Associate badge signifies foundational knowledge of LEED (Leadership in Energy and Environmental Design) and green building principles. LEED Green Associates demonstrate their understanding of the key concepts of sustainability, energy efficiency, water conservation, and green building practices, as well as the LEED rating system, which is used globally to certify sustainable buildings. Calvetti Ferguson’s Section 179D team holds this badge as testimony to our dedication in guiding clients through energy efficient building practices and maximizing tax savings under Section 179D.
Contact Our Section 179D Team
Calvetti Ferguson provides Section 179D tax deduction services to commercial building owners and designers nationwide. If you would like more information on our tax deduction services, please fill out the form below, and we will follow up as soon as possible.
About Virginia
Virginia is a dynamic state in the mid-Atlantic region, known for its diverse economy, skilled workforce, and strategic proximity to Washington, D.C. The state boasts a well-developed infrastructure, making it an ideal location for businesses in sectors such as technology, government contracting, healthcare, and manufacturing. With a strong focus on education, Virginia’s workforce is highly trained, and its business-friendly environment includes competitive tax policies and various incentives. From bustling urban centers like Richmond and Northern Virginia to its rural communities, Virginia offers a wide range of opportunities for businesses to thrive and expand, making it a key hub for economic growth and innovation.