Maximize IRS tax deductions using Panorama® window film in your energy savings plan
The EPAct of 2005 rewards energy-efficiency
To promote energy-efficiency and conservation, the Energy Policy Act of 2005 provides attractive tax incentives for installing specific energy improvements to commercial building property.
*Tax deductions are available to buildings within the United States that place energy improvements in service between Jan. 1, 2006 and Dec. 31, 2008. Deductions are then adjusted for 40% corporate tax rate.
The act is designed to reward businesses that implement more than one technology or product. While a one-time partial tax deduction is available for an upgrade of any one system (lighting, HVAC, and building envelope), additional technologies can net far greater tax incentives. The goal is to encourage building owners to identify as many energy savings opportunities as possible.
Window film is a very attractive technology due to its ease of implementation and relative low cost and is classified in the building envelope category. By itself, window film can provide from 5% to 15% savings of total energy used, but likely will not meet the minimum energy savings threshold required to qualify for the tax deduction.
However, when implemented in combination with other products and technologies (such as lighting or HVAC, which can each net a savings of up to 50%) window film can provide a significant boost in the deduction amount available to building owners because they can claim multiple energy savings technologies and apply for higher deduction amounts, up to the $1.80 maximum allowed per square foot.
To encourage energy conservation in commercial buildings, the government provides strong tax incentives through the Energy Policy Act of 2005 (EPAct). Tax benefits incrrease with the number of energy-saving technologies put into place.
Window film improves energy-efficiency of existing windows
Panorama offers a wide range of energy-efficient window film products that can be installed to upgrade your existing windows. Panorama window films reject considerable amounts of solar energy, which leads to lower maintenance costs for air conditioning and higher comfort.
Building owners are often encouraged to upgrade their existing windows. Replacing windows can be a very costly project, in terms of expense, time for implementation, and disruption to on-going business activities. Installing Panorama film on existing windows is a cost effective alternative that can be accomplished quickly and professionally, without interrupting business operations or disturbing building occupants.