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Bailout Bill Extends Green Building Tax Deduction

Posted on October 06, 2008

The $700 bailout bill signed by President Bush includes an extension, through 12/31/13, of the Energy Efficient Green Building Tax Deduction for commercial building owners whose buildings meet increased energy efficient standards. MarketWatch.com explains, The deduction is as much as $1.80 per square foot for buildings that achieve a 50 percent energy savings target. Before claiming the deduction, the owner must obtain written certification from a professional engineer not related to the company using approved software that the required energy savi...

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energy efficient , energy savings , green building , tax deduction