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This month’s newsletter features the Federal 179d Tax Deduction.

This little known deduction is a federal program that allows building owners to immediately depreciate a portion of their expenses (up to $1.80/square foot) for new or upgraded commercial buildings.

The program is available for properties placed in service between January 1, 2006 and December 31, 2016. There is no pre-inspection requirement so projects that are already completed can still be certified.

For example, an owner builds a new 40,000 square foot building with variable speed drive HVAC units and LED lighting. Forward Engineers certifies that this building meets the required energy savings and calculates that the building owner is eligible for a deduction of $72,000. A quick walk through of the building verifies that the claimed equipment is in place, all the required paperwork is completed and sent to the owner for use in completing taxes.

We offer this certification at a fraction of the deduction amount and by completing some preliminary calculations you can know exactly what the deduction is before committing to the certification process.

If you are interested in this service, please contact us for more information.

Who is Forward Engineers? A great company is made up of great people. Today I want to introduce another of our founding partners:

Bill Reynolds is a licensed Professional Engineer and an engineering graduate of the University of Arkansas in Fayetteville, AR. He has over 20 years of experience in commercial and industrial design including designs for retail, schools, offices, malls, churches, medical clinics, shopping centers, military installations and more. These buildings were designed around a wide variety of HVAC equipment including chillers, water source heat pumps, geothermal systems, RTUs, split systems and others. As a LEED AP, Bill commissioned the first LEED laboratory research facility that is currently part of the University of Arkansas campus. He currently has a patent pending for a heat recovery ventilator for use in the agricultural industry.

Please join his network on LinkedIn.

Who is Forward Engineers? A great company is made up of great people. Today I want to introduce one of our founding partners:

Kevin Jensen is a licensed Professional Engineer and a graduate of Harding University in Searcy, AR. He earned his Bachelor of Science degree in mechanical engineering, graduating magna cum laude from the honors college with distinction. He has extensive experience in completing energy projects including commercial rebate applications with and without in-depth computer modeling, 179d tax deduction certification for HVAC, lighting or envelope and energy modeling for code compliance. He also has experience in mechanical design of HVAC, plumbing and refrigeration systems. He has completed designs for supermarkets, churches, retail and office buildings using a variety of system types. He is skilled in designing both in AutoCAD and Revit.

Please join his network on LinkedIn.