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New City NY - It’s Tax time and
why not let the government give you money for a
change. Did you know the federal and state
governments have financial incentives for energy
related improvements to your real estate.
NYSERDA has dozens of incentives to help you be more
environmentally friendly. Visit
NYSERDA’s website
for details of the programs available.
The IRS is also willing to give you some green to be
green. As part of the Energy Policy Act of 2005,
energy related improvements to your buildings can
qualify for valuable Tax Credits. Credits range from
$.60 per square foot to $1.80 per square foot. Not
just a deduction, this tax credit can help offset
the cost of new lighting, a new heating project or a
new roof on your building. Municipalities and School
Districts may still benefit by transferring the
credit to the "others" to help offset the cost of
construction. Contact us for more information.
The NY Mercantile Exchange was recently awarded with
the first LEED-EB certification in New York State.
This certification is available for any existing
building that wants to be more energy conscious and
environmentally friendly. Using many incentives,
the certification cost only $185,000 for
a
500,000 square foot building. Amazingly these out of pocket
expenses for NYMEX will be paid back with the first
year of energy savings.
Michael Shilale Architects, LLP, an eight person
architectural engineering firm founded in 1991,
serves an educational, institutional, municipal,
commercial and residential client base in New York
and New Jersey. For
more information, please call 845-708-9200, or visit
their website at, www.shilale.com.
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