Understanding and Taking Advantage of the IRS Energy Tax Benefits - Go Green and Get Green ($1.80/sf)
Fort Lauderdale, FL (PRWEB) February 19, 2009
Energy tax benefits that are important to commercial building owners, real estate investors, tenants, architects, engineers, contractors, property management companies and accountants - including some very valuable ones that must be instituted before April 15 - will be the subject of a special seminar Wednesday, March 18 from 7:45 a.m. to 9:30 a.m. at The Tower Club, One Financial Plaza in Fort Lauderdale.
Nine local businesses have joined forces to present the seminar as a service to the local real estate and building community. In addition to promoting energy efficiency, they want to help the area's commercial real estate industry understand what the new tax laws offer so they can reap the maximum tax benefits for energy-efficient building design, construction, upgrades and renovations.
The cost to attend "Understanding and Taking Advantage of the IRS Energy Tax Benefits - Go Green and Get Green ($1.80/sf)," is only $15 per person, and includes a continental breakfast. Space is limited. Reservations may be made by contacting Jennifer Reck of Danto Builders at (954) 229-2006 or Jennifer @ dantobuilders.com by March 4.
Congress has already extended valuable energy tax benefits through 2013, and it may increase them from $1.80 per square foot to $3 per square foot later this year. The seminar will cover what these tax benefits are, who they affect, and how to go about achieving them and then applying for them. The seminar is especially vital for anyone involved in any energy-efficient construction that was completed in 2006, because they must complete an energy tax certification before their 2008 tax filings or the tax benefits they would have gained for 2006 may be lost forever. Energy tax benefits can be carried forward 15 years.
"The most often overlooked tax benefit relative to the Energy Policy Act extension is the tax benefits construed for commercial building owners," said Julio Gonzalez, chief executive officer of Engineered Tax Services, the seminar's keynote speaker. "Real estate investors can now reduce the payback period in investing in energy-efficient components with the added benefit of deducting up to the entire expense of these assets immediately, versus depreciating these assets over 39 years. The Energy Policy Act of 2005 includes a tax deduction for investments in energy-efficient commercial building property designed to significantly reduce the heating, cooling, water heating, and interior lighting energy costs. To be eligible, the energy-efficient commercial building property must be placed in service between Jan. 1, 2006 and Dec. 31, 2013."
The certification process, five alternative ways a building may qualify for the energy tax benefits and a host of other related topics will be covered at the seminar, including public utility rebates and insurance savings for these same energy-efficient upgrades and construction.
"Contractors, architects and engineers who are the primary individuals responsible for the energy-efficient design of public buildings like public schools will be thrilled to learn that a hidden gem within the Energy Policy Act is that Congress allows the deduction to be allocated to the 'person primarily' responsible for designing the property, in lieu of the public entity," Gonzalez said.
Representatives of the other companies hosting the seminar - Danto Builders & Companies, Spinnaker Group, Logical Green, JMWA Architects, All Energy Electric, Levy Realty Advisors, Berkowitz Dick Pollack & Brant and Seitlin Insurance & Advisory Services - will answer questions following Gonzalez's presentation. FPL representatives for the energy-efficient commercial rebate programs will also be available to answer questions.