Tax Certifications

Did you know that you may be eligible for a substantial tax deduction of up to $.60 per square foot for improving the energy efficiency of your building's lighting system or designing energy efficiency into your new building? If you're already thinking of a retrofit project, this can significantly improve your Return on Investment.

To qualify for the full deduction, a building owner or tenant must meet the following requirements:

  • 50% Energy Reduction: reduce the total energy demand in your building by 50% as compared to ASHRAE 90.1-2001 standard
  • Bi-level switching: split the lighting in a space into two circuits that can be separately controlled
  • Professional Certification: Inspected and certified by a third party licensed engineer.

Electrical Marketplace’s nationwide team of certified professional engineers can provide all of the documentation required by the Internal Revenue Service to qualify for Energy Policy Act of 2005 tax incentives. This comprehensive report is necessary in order to claim the 179D EPACT 2005 deduction for lighting.

Electrical Marketplace can also apply for all available state and local utility rebates related to your retrofit. If capital budget is a concern, Electrical Marketplace can provide financing to help you meet your energy goals. Project energy savings will offset the loan payments and allow the lighting retrofit project to be truly “Self-Funding,” meaning that the project can be funded through operating expenses and not capital budget.