ENERGY DEDUCTION 179D: The Section 179D deduction in the Internal Revenue Code encourages greater energy efficiency in our nation’s commercial and larger multifamily buildings, by allowing for cost recovery of energy efficient windows, roofs, lighting, and heating and cooling systems meeting certain energy savings performance targets. Without section 179D, the same energy efficient property would be depreciated over 39 years (nonresidential) or 27.5 years (residential). This provision expired at the endof 2013, but in December 2014 Congress passed H.R. 5771, which retroactively reinstated the limit on it to $500,000 to cover the 2014 tax year. Currently there are no bills to reauthorize section 179-D, so for the 2015 tax year the limit has been reduced to $25,000.
National Association of REALTORS® Issue Brief
Commercial Real Estate
“Doral Commercial Real Estate Specialist”
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