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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 Based on the outdated lighting present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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