Before EPAct expired in January 2014, this was a great incentive for building owners to make necessary energy improvements and recoup a large portion of their capital expenditure through Tax
Incentives . The proposed provisions would give up to $3.00 per square foot for energy improvements.  While the previous bill provided up to $1.80 per square foot. The new provision is now written to allow Not-for-Profits and REITs to take full advantage of this incentive.

As we know, energy is an integral part to our lives. And with rising costs, it is becoming more difficult budget for. With incentive such as EPAct, it takes the concept of energy improvements from its needed, but…to a practical use of company capital.

As of now, this provision is slated to extend through the end of 2015!