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.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

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.


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.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

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.


 
07/31/2014

Improper lockdown security may leave your building and occupants vulnerable

07/29/2014

Is the American energy policy lagging behind the rest of the world?

07/22/2014

How to keep building occupants safe during the hot season.

07/21/2014

Spaces grow denser as the industry emerges from a slump.

07/18/2014

Study ranks states on fuel and consumption.

07/16/2014

Enhance cleaning practices at your educational facilities.

07/11/2014

Tenants have low tolerance for even one pest sighting, a new survey reveals.

07/10/2014

Battery installations will fuel federal research.

07/03/2014

An ongoing pilot program targets carbon neutrality.

06/27/2014

Potential substitute chemicals boast a low global warming potential.

06/26/2014

Tap into the DOE’s new data stream for renewable energy.

06/23/2014

What to do when the rain stops and the flood recedes.

06/18/2014

Mitigation policies grow in response to changing climate.

06/17/2014

The 2014 World Cup welcomes six LEED-certified arenas.

06/11/2014

An updated study now observes local consequences.

06/06/2014

New survey reveals increasing interest in off-site work.

06/04/2014

Gain ground on sustainability goals.

05/30/2014

With World Environment Day quickly approaching, now is the perfect time for cleaning professionals to think about implementing a green cleaning program or review green products currently in use.

05/28/2014

In 2013, approximately 6.5 million people were employed in the renewable energy industry worldwide.

05/27/2014

Saving money through energy management strategies in Canadian healthcare institutions just got easier.

Page 1 of 43
FirstPrevious[1]2345678910NextLast

Sponsored Links