Industry News




 

07/29/2010

Tax Incentive Plan to Avoid Commercial Real Estate Crisis

“The CRE Solution” is a three year plan with an energy reduction target and an annual tax deduction equivalent for achieving tiered benchmarks

 
Tax Incentive Plan to Avoid Commercial Real Estate Crisis

In response to $1.4 million in looming commercial real estate (CRE) loans coming due between now and 2014, Architecture 2030 has designed a tax-incentive program to help avoid a financial meltdown.

“The CRE Solution” is a three year plan with an energy reduction target and an annual tax deduction equivalent for achieving tiered benchmarks. For example, an energy-reduction target of 50% would denote a $6.00 tax deduction per square foot. The tax incentive would provide businesses with a financial incentive to renovate for energy efficiency, provide flexibility with different energy-reduction goal options (30%, 50%, 75%, or Zero-Net-Energy goals), and would also create an annual energy savings for the businesses, which would simultaneously increase the building’s property value.

As the report describes, a 28,000-square-foot commercial building with a 50% energy reduction target could receive approximately $250,128 in energy savings and tax deductions over three years. These savings would then help businesses to pay CRE loans, combat a 90% decrease in CRE transactions since 2007, and generate a proposed 1.3 million construction-related jobs through these renovations. Implementation requires that the existing Energy Efficient Commercial Building Tax Deduction (26 U.S.C. 179D) be increased from $1.80 to a $3.00 to $9.00 range, depending on a building’s specific energy reduction target.

The full report, “The Imminent Commercial Real Estate Crisis and The CRE Solution,” is co-authored by Edward Mazria and Kristina Kershner, CEO and President of Architecture 2030.

“Employed strategically, energy efficiency tax incentives can be multiplied significantly to reduce CRE loan defaults, stimulate CRE transactions, boost commercial building construction, and increase commercial property values,” says Kershner.

The full report is available at http://www.architecture2030.org/pdfs/theCREsolution.pdf

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 
11/26/2014

Survey shows green initiatives pay off in hiring as well as energy.

11/25/2014

More executives choosing alternatives to LEED.

11/24/2014

EPA challenge to increase diversion rates for the holidays.

11/21/2014

Framework allows users a better look at roofing's environmental impact.

11/20/2014

Study finds paper towel dispensers carry far fewer germs.

11/19/2014

Tool will help manage information during power outages.

11/18/2014

Requirements include energy, IEQ, and sustainability updates.

11/17/2014

Group of 17 properties earn energy efficiency designation.

11/14/2014

Water conservation efforts see results.

11/13/2014

Study shows sustainable investments weather the winter.

11/12/2014

Standard focuses on occupant health.

11/11/2014

EPA says cleanup will cost hundreds of thousands of dollars.

11/10/2014

Methane will be used as a fuel source.

11/07/2014

ASTM to target roofing material diversion rates. 

11/06/2014

ORNL scientists look to the future of renewable energy integration.

11/05/2014

Lawsuits unlikely to convince polluters to change opposition to legislative reform. 

11/04/2014

Green building investment jumps in 2013. 

11/03/2014

Study shows difference between reported and measured occupant behavior

10/31/2014

Report shows energy modeling as key to improving building performance

10/30/2014

Report shows healthy features and practices yield results.

Page 1 of 47
FirstPrevious[1]2345678910NextLast

Upcoming Webinars

Sponsored Links