Design & Build Professionals Incentives
ARCHITECTS, ENGINEERS AND CONTRACTORS CAN CAPITALIZE ON SPECIALTY TAX CREDITS AND INCENTIVES.
179D ENERGY EFFICIENCY INCENTIVE
Due to a favorable IRS tax ruling in 2005, Architects and Contractors (designers of the project) can qualify for up to $1.80 per square foot on any nonprofit or government projects. Since Government entities do not pay income taxes, the total tax benefit flows through to the company that designed or impacted the reduction of energy consumption and carbon footprint. The three areas this incentive is generated from is: lighting, mechanical and building envelope improvements. Both new and older facilities apply.
Turn Key Process:
For your clients that are for profit, such as commercial, industrial, hospitality, retail, office, you can partners with CORE and offer this service to gain a competitive advantage and close more business!
CORE Solutions Group offers a turn key 179D ENERGY Certification Process to Architects and Designers across the country. For more information on Section 179D
Research Tax Credits
Did you know that Architects, Contractors and Engineers can now qualify for the very lucrative Research and Development Tax Credits. Due to improved IRS Rulings over the last couple of years, many innovative design and build firms, both small and large, can take full advantage of these dollar for dollar tax credits each and every year. Contrary to a common perception, R&D tax credits are not limited to scientists and medical researchers. In fact, many of the activities conducted by electrical, mechanical, general contractors and subcontractors – particularly those working in the construction industry – do indeed qualify, and the benefit can mean tens of thousands of dollars in tax savings.
Architects, engineers, and construction firms generally face numerous technical uncertainties at the outset of the design phase.
Common technical uncertainties often incorporated into architectural and engineering R&D tax credit studies include:
- Structural Details (Structural Engineering)
- Mechanical Systems (Mechanical Engineering)
- Energy Efficiency (Energy Engineering)
- Electrical Engineering for specialized facilities such as Hotels, Casinos, Hospitals and Manufacturing Plants (with or without Pilot Plants)
- Site Orientation and Optimal Materials including Biological Testing of Soils or Other Aspects of Material Science
Potentially Qualifying Activities:
- Developing unique energy-efficient features
- Developing unique waste water technologies
- Developing unique flashing details
- Developing new building elevations
- Developing site plan to overcome site features
- Designing innovative sanitary sewer systems
- Designing unique lateral force resistance systems
- Developing plans to meet unique/specific load requirements
- Determining alternative materials to improve design or meet specific requirements
- Improving acoustical qualities of a structure
- Developing unique heating, cooling, or ventilation systems