The Energy Policy Act of 2005 (Public Law 109-58) created a new tax incentive for constructing energy efficient commercial buildings. Specifically, Section 1331, the Commercial Building Tax Deduction, establishes a tax deduction for expenses related to the design and installation of energy-efficient commercial building systems.
The AIA strongly supported this provision and played a major role in its legislative development. AIA also helped form a partnership with other concerned stakeholders and through this partnership, developed implementation recommendations for building owners to obtain this tax deduction. In 2008, the AIA helped pass legislation to extend the life of the deduction so that it covers property placed in service by December 31, 2013.
This is a blog supporting discussion surrounding the EDIN (Energy Development in Island Nations) USVI (United States Virgin Islands) EEWG (Energy Efficiency Working Group). We welcome Virgin Island residents, businesses, government officials, utilities, and relevant consultants and commerical interests to participate. We are in the process of introducing the "VIenergize" campaign; energizing the Virgin Islands' pursuit of reduced fossil fuel consumption.
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