“Providing lighting upgrades on a turnkey basis to commercial and industrial facilities”
There is a good chance when ROI Energy performs a lighting retrofit (upgrade) for your facility, your company can qualify for a lucrative tax advantage by being able to write off the value of your existing high bay lighting system still on your books. Many times the high bay lighting in your building is being depreciated over 27.5 to 39 years. Cost segregation accounting is used to reclassify assets, establishing individual depreciation schedules, which allows you to write off the remaining value in the year your new lighting is installed. (In fact, the Final 2013 IRS Tangible Property Repair Regulations require that building owners record the retirement and write-off of any remaining undepreciated cost basis of your retrofitted light fixtures).
“Lighting upgrades offer the easiest & fastest way to reduce energy costs 50-70%”
ROI Energy works with cost segregation study professionals to assist you in identifying the retired lighting system undepreciated costs in the year your new lighting is installed.
Through cost segregation studies, the goal is to uncover potential tax savings and increase cash flow through reclassification and depreciation of property. We can connect you with a company who will review as part of their reporting process and work seamlessly with your CPA firm to help you. If you’re looking for ways to increase revenue for your business, ask for a free quote for a “Retirement Evaluation” today.