The Energy Policy Act of 2005 (EPAct 2005), Section 179D, established a tax deduction of up to $1.80 per square foot for qualifying structures, including a retroactive deduction for existing facilities that meet specific requirements. After several extensions, this beneficial tax credit was finally made permanent.
Updated from “5 Ways to Kill Your PACE Project,” January 2017
If you haven’t heard about it yet, PACE, or Property Assessed Clean Energy - is the unique financial tool that allows building owners to fully finance energy conservation measures with no money down. Because PACE projects must be “cash-flow positive,” this long-term loan is generally paid back out of the savings realized from the upgrades!
We reflect briefly on 2018 while looking forward with enthusiasm into 2019.
From their first meeting of less than 50 people just a couple of years ago to almost 500 this year, PACENation reflects the potential this groundbreaking policy has on the future of the built environment. PACENation is the national, non-profit advocacy organization for Property Assessed Clean Energy (PACE) financing.
In 2016, PACE passed the $3 billion mark in cumulative financing (commercial and residential). “What we’re really seeing is the birth of an industry. It isn’t just about burning less hydrocarbons, it’s also about saving money,” John Hickenlooper, the Governor of Colorado told the crowd.
Please contact us. We love answering your energy efficiency and green building questions!
