President Obama is proposing new efforts to improve energy efficiency in commercial buildings across the country. Last year, commercial buildings consumed roughly 20 percent of all energy in the U.S. economy. Improving energy efficiency in our buildings can create jobs, save money, reduce our dependence on foreign oil, and make our air cleaner. The President’s Better Buildings Initiative will make commercial buildings 20 percent more energy efficient over the next decade by catalyzing private sector investment through a series of incentives to upgrade offices, stores, sc … Continue reading

President Bush has signed into law an extension of the Energy Policy Act of 2005 that will continue to provide the $1.80 per square foot tax deduction for energy efficient commercial and industrial building upgrades through December 31, 2013. This five-year extension was passed by the Senate on October 1 by a vote of 74-25 and by the House on October 3 by a vote of 263-171 as part of the Emergency Economic Stabilization Act of 2008. The Energy Policy Act of 2005 provides valuable tax deductions for businesses that complete energy efficient upgrades on their lighting, … Continue reading