Cherry Bekaert: Not-for-Profit Industry Guidance

← Cherry Bekaert: Not-for-Profit Industry Guidance8 apr 2024 · 13 min

179D Energy-Efficient Commercial Buildings Deduction for Not-for-Profits

179D Energy-Efficient Commercial Buildings Deduction for Not-for-Profits8 apr 202413 min

Section 179D Energy-Efficient Commercial Buildings Deduction (section 179D) is an energy tax deduction created to incentivize the adoption of clean solutions in commercial buildings. Originally intended for the commercial industry, not-for-profit organizations are now able to take advantage of this notable tax deduction if they invest in energy-efficient improvements. Since not-for-profits are tax-exempt, they can allocate the energy tax incentive to a taxpaying entity working on the struct...