Energy Tax Credits are Back - ELB Consulting

Well, we finally got the good news after a long wait regarding the energy tax incentives! As a part of the “Bipartisan Budget Act of 2018” Congress made it official today and extended this program once again. It includes over 30 tax incentives, including the retroactive extensions for both 45L and 179D. These extensions maintain the existing qualifying standards from prior years and extend the incentives to properties and improvements placed-in-service through December 31, 2017 (formerly December 31, 2016). If you have constructed a commercial building in the last two years, you most likely will qualify for the incentives!

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