You’re probably aware that upgrading your metal building’s insulation provides many energy-saving benefits, but the savings don’t end there. What you might not know is that the federal government offers a tax deduction for individuals who take proactive steps toward making their commercial buildings more energy efficient.
Thanks to the Energy Policy Act of 2005, metal building owners of both new and existing structures who install energy efficient measures may qualify for a one time tax deduction for these expenses. Eligible energy-saving improvements include new energy-reducing lighting systems, new windows, doors or high quality insulation. Deductions can be as much as $1.80 per square foot for a comprehensive retrofit project, or up to $0.60 per square foot for partial energy upgrades.1
“…some customers reported a
in energy costs…”
When compared to initial installation costs – 6” R-19 fiberglass insulation can run as low as $0.50 per square foot – the reasons to improve your insulation now completely outweigh any reasons to wait. Low initial installation expenses, combined with tax benefits and the immediate reductions you’ll see in your energy bills – some customers reported a 50% savings in energy costs – make reinsulating the easiest business decision you could ever make.
For official guidelines surrounding the federal tax deduction, including eligible properties, minimum energy requirements and the steps you must take prior to claiming your deduction, please visit http://www.irs.gov/irb/2006-26_IRB/ar11.html.
By making an investment in energy efficiency, you’re not only reducing your overall operating costs, you’re also keeping some of your hard-earned dollars out of Uncle Sam’s pockets. Learn more about how Steel Building Insulation can help you save more green by visiting http://www.SteelbuildingInsulation.com.
1“New tax break for energy efficiency,” tedmag.com, February 2006