Energy Modeling for 179D Tax Deduction
If you're interested in claiming an energy tax deduction, you need to model your building's energy performance. An energy model is a way to compare your building's energy efficiency to that of a reference building. That reference building must meet ASHRAE standards and relevant energy and power cost requirements. Energy modeling helps you prove that the improvements you're making are cost-effective, which is essential if you're claiming a deduction. Building owners can claim a 179D tax deduction on energy costs if they can demonstrate their buildings' energy efficiency by using an approved energy modeling software. You can find a list of approved software on the US Department of Energy website. The programs include DesignBuilder, DeST, DOE-2.2, EnergyGauge, EnergyPlus, and TAS. If you're not sure which software to use, NY Engineers can help. We can provide you with energy modeling and energy consulting services that help you maximize your tax credit. Energy