1 / 16

The Energy Policy Act of 2005

The Energy Policy Act of 2005. Presented By: Tim Staley, PE, CEM, GBE. Agenda. Familiarity and Current Status Policy Scope Adjustments vs. Credits Energy Efficient Commercial Buildings Lighting Opportunities HVAC and Envelope Opportunities Compliance Documentation Questions and Answers.

saul
Télécharger la présentation

The Energy Policy Act of 2005

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Energy Policy Act of 2005 Presented By: Tim Staley, PE, CEM, GBE

  2. Agenda • Familiarity and Current Status • Policy Scope • Adjustments vs. Credits • Energy Efficient Commercial Buildings • Lighting Opportunities • HVAC and Envelope Opportunities • Compliance Documentation • Questions and Answers

  3. History • Signed Into Law – August 8, 2005 • Most Aggressive Energy Legislation Since EPACT 1992 • Time Is Of The Essence • How Do We Capture The Benefits?

  4. How Much Time Do We Have? • Applies To Buildings Placed In Service: • After December 31, 2005 • Before January 1, 2008 • Possible Extensions Being Discussed (2008 through 2010) • Legislative Decision Not Anticipated Until Late 2007

  5. What Are The Rules? • Interim Lighting Rule • IRS Notice 2006-26: Energy Star • IRS Notice 2006-27: Energy Efficient Homes • IRS Notice 2006-28: Energy Efficient Manufactured Homes • IRS Notice 2006-52: Commercial Buildings • Waiting On Other Notices • Transferable Credits • Transferable Adjustments

  6. Transferable Tax Adjustments • Provide Incentive For Sustainable Design In Public Sector • Previous Precedent • Many Issues / Concerns • Who Decides On Transfer Recipients? • What Documentation Is Required? • What Assets Will Be Depreciated? • What Is The Value? • Applicability: Federal, State, Municipal Facilities

  7. Policy Scope and much more….

  8. Credit vs. Adjustment • Credit • Directly Reduces Tax Liability • Dollar For Dollar Reduction / Savings • Deduction • Directly Reduces Adjusted Gross Income • Impact On Taxes Proportionate To Tax Bracket • Typically 30% To 35% • Accelerated Depreciation

  9. Energy Efficient Commercial Buildings • Energy Efficient Commercial Building • Installed In U.S. • Within Scope Of ASHRAE 90.1-2001 • Certified Reduction In Lighting, HVAC, and Envelope Compared To 90.1-2001 • Complete Or Whole Building Deduction • Achieve Savings In All Three Categories • 50% Reduction required • $1.80 / S.F. Deduction • Not To Exceed Cost Of Project

  10. Interim Rule • Lighting Only • Allows Pro-rated Deduction • Deductions From $0.30 to $0.60 / S.F. • Savings Range From 25% To 40%, Respectively (Warehouses – 50%) • $0.02 / S.F. Per 1% Of Savings • Bi-level Switching Required

  11. Lighting Potential

  12. Permanent Rule • IRS Notice 2006-52 • Lighting, HVAC, And Building Envelope • Allows Partial Deduction • 16 2/3% Savings Required For Each Component • $0.60 / S.F. Deduction For Each Component • Bi-Level Switching Not Required

  13. Compliance Documentation • Whole Building Model Required • Independent Third Party • Documentation To Be Filed, Not Submitted • Approved Software • TRACE 700 Version 6.0.2.1 (6/16/06) • Energy Plus Version 1.3.0.018 (6/23/06) • Hourly Analysis Program Version 4.31 (8/17/06) • Others Will Be Approved

  14. Helpful Websites American Society of Heating, Refrigerating, and Air Conditioning Engineers: www.ashrae.org Commercial Lighting Tax Deduction: www.lightingtaxdeduction.org/tax.html Consortium for Energy Efficiency: www.cee1.org US Department of Energy – Energy Efficiency and Renewable Energy: www.eere.energy.gov US Department of Energy – Tax Breaks: www.energy.gov/taxbreaks.htm National Electrical Manufacturers Association (NEMA). Enhanced Building Efficiency. NEMA Assessment of the Energy Policy Act of 2005: www.nema.org Part 111. Administrative, Procedural and Miscellaneous. 2006-26 I.R.B. 26 June, 2006: www.irs.gov/pub/irs-drop/n-06-52.pdf

  15. Helpful Websites Sylvania, The Energy Policy Act of 2005 and the Lighting Industry: www.sylvania.com Sylvania, Sylvania ESCO Webinar Series: EPAct 2005 Update. 8 August 2006. http://mylightpoint.mysylvania.com Sylvania, NEMA Assessment of the Energy Policy Act of 2005: www.sylvania.com/AboutUs/EnergyAndEnvironment/RegulationsLegislation/Energy/EPACT Tax Incentives for Energy-Efficient Buildings and Products: www.eere.energy.gov/buildings/info/tax_credit_2006.html www.efficientbuildings.org www.energytaxincentives.org

  16. Questions and Answers

More Related