Creative Lighting Solutions LLC

IRS Tax Incentives

» CURRENT LEGISLATION

» EPACT 2005 UPDATE

» IRS TAX-DEDUCTION GUIDANCE ISSUES

» CUSTOMER SPOTLIGHT on EnergyBillInfo.com

Jeffrey M. Fadden, IES, CLEP
Principal of Northeast-based Creative Lighting Solutions LLC

On customer response to EPAct 2005 commercial tax deduction opportunities

"The tax deduction opportunities available through EPAct 2005 have been extremely well-received by my customers and all are anxious to obtain more specific federal direction relative to the exact forms they will need to complete and how the savings will be verified. Without a doubt, EPAct 2005 tax deductions have successfully driven lighting upgrade activity in my served market and have been a valuable tool in helping to sell lighting design and upgrade projects overall. Based on the outdated lighting present in many of my customers' facilities, we have found ASHRAE standards to be relatively easy to meet using the range of efficient lighting technologies available. In a nutshell, with EPAct tax deductions, the timing has never been better to pursue a lighting upgrade — customers not only get to enhance the quality of their lighting systems and significantly reduce their electricity bills, but they get to take advantage of accelerated depreciation on their capital improvements as well."







 

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