Federal Energy Incentives

The Energy Policy Act of 2005 has created incentives for lighting retrofit projects

Rising energy prices, coupled with provisions of the Energy Policy Act of 2005 (EPAct05), continue to prompt business owners, operations managers and maintenance managers to look for new ways to reduce lighting energy costs. Provisions of the EPAct05 opened up new opportunities in the lighting arena by creating incentives for organizations installing new or retrofit lighting projects.

To help organizations qualify, owners and managers need to take a closer look at their facilities’ lighting needs. EPAct05 provides a number of important incentives to reduce energy costs. The most important part of EPAct05 for warehouses and manufactures provides a tax deduction up to $.60 per square foot (psf) for a building using 50 percent less energy than one designed to comply with ASHRAE 90.1-2001.

The provision applies to qualifying new construction, renovation and lghting retrofit projects put in service from Jan. 1, 2006, to Dec. 31, 2013*.

* This program was originally planned to run through Dec 31, 2008 but has been extended through Dec 31, 2013.

* We have the ability to certify your company after a lighting retrofit installed by us meets the Energy Policy Act of 2005. The 60 cent per square foot accelerated tax deduction certification is then provided, in order to help your company comply with the federal tax code. Final tax advice should be sought from your company’s accountants.