FEDERAL TAX INCENTIVES

  • Eligible activities include those performed for use in developing new or improved products, processes, or software

  • Calculated as a percentage of eligible R&D expenses

  • Unused credit can be carried forward

  • Credit amount of up to $1.80 per square feet

  • Applies to new construction or renovation that meet certain efficiency standards.

  • Eligible buildings include commercial buildings, certain multi-famly residential buildings, and government-owned buildings.

  • Energy efficiency standards are set by the Department of Energy and relate to the building envelope, lighting systems, and HVAC systems.