Edison Rebates:
|
Equipment |
Rebate amount |
|
Screw-in compact fluorescent lamps |
Up to $5.00 per lamp |
|
Hardwired fluorescent fixtures |
Up to $22.50 per fixture |
|
High-efficiency exit signs |
$27.00 per fixture |
|
T-8 or T-5 lamps with electronic ballasts |
Up to $7.50 per lamp |
|
HID fixtures (Exterior) |
Up to $100 per fixture |
|
Occupancy sensors |
Up to $44.00 per sensor |
|
Photocells |
$7.00 per photocell |
|
Time Clocks |
$36.00 per time clock |
|
LED Channel Signs (Red) |
Up to $6 per foot |
|
High Bay Fixtures (Interior T-8, T-5) |
$100 per 4- or 6-lamp fixture |
EPACT2005:
Energy-Efficient Commercial
Building Tax Deduction Program
The Energy Policy Act of 2005, formerly known as EPAct 2005, provides building owners a tax deduction based on the installation of equipment that generates the efficient use of energy. The Energy Efficient Commercial Building Deduction provides owners the ability to deduct up to $.60/square foot. off their federal taxes in the year the lighting systems are placed in service, as long as the lighting exceeds the energy code requirements called out in ASHRAE/IES Standard 90. 1-2001.
Additional tax benefits can be achieved from energy efficient upgrades to the HVAC/hot water system along with the building itself, capped at $1.80/square foot. The Commercial Building Deduction is part of Section 1331 of EPAct 2005, which went into effect in January 1, 2006, and currently will continue through December 31, 2007.