The National Association of Electrical Distributors (NAED) participates in a legislative coalition supporting renewal and extension of the 179D Commercial Buildings Tax Deduction. Section 179D provides a tax deduction to help offset some of the high costs of energy efficient components and systems for commercial and larger multifamily buildings.
With the year-end tax extenders deal coming together quickly, the 179D coalition members will be sending a letter to key tax writing and leadership members, urging inclusion of Sec. 179D. The 179D member organizations and companies represent a broad spectrum of the U.S. economy. They include real estate, manufacturing, architecture, contracting, building services, financing, labor, education, environmental and energy efficiency advocates. Other electrical industry groups or companies also signing the letter include:
Independent Electrical Contractors
National Electrical Contractors Association
National Electrical Manufacturers Association (NEMA)
The 179D deduction has leveraged billions of dollars in private capital, resulted in the energy-efficient construction of thousands of buildings, and created and preserved hundreds of thousands of jobs. It has lowered demands on the power grid, moved our country closer to energy independence, and reduced carbon emissions.Tagged with tED