alliantgroup Engineer and LEED Accredited-Professional Nick Worley Discusses 179D in Construction Accounting and Taxation

Construction Accounting and Taxation - 179D

With energy-efficient building trends on the rise, alliantgroup’s Nick Worley, a Director of Energy Services for the firm’s 179D division, explains why green design and construction is not only good economics, but could potentially put design and construction companies on a path to substantially reduce their taxes.

A lifelong engineer, Worley has done a little bit of everything during his career, working on government and commercial structures ranging from hospitals, schools and office buildings, to residential work on apartments, hotels and houses. In this piece appearing in Construction Accounting & Taxation, “Economy, Sustainability and Health: The Benefits of Energy-Efficient Design,” Worley discusses the economic benefits of LEED and how LEED-certified buildings are often the best candidates for section 179D—a tax deduction impacting both commercial and government-owned buildings.

“From improved employee productivity to reduced costs, energy efficiency is just good economics. And for AEC firms engaged in this kind of work, the bottom line benefits don’t stop there, as the tax rewards can be quite substantial.”

This article was written by tax journalist and alliantgroup Associate, Sam Mortazavi.

Contact us today for more information on LEED and how it could qualify you for the 179D deduction.

 

About the Author

alliantgroup
alliantgroup offers companies expert consulting services regarding research and development, manufacturing, exporting, energy-efficient design, and hiring in certain established enterprise zones.