TECHNICAL & RESEARCH Financial incentives Both businesses and tax-exempt organizations, such as schools and religious institutions, can benefit from Section 179D, Energy Efficient Commercial Buildings Tax Deduction, for energy-efficient projects.2 Silicone roofing is a legitimate deduction as defined in Section 179. It is considered part of the equipment that keeps a business running, and the total amount spent on it can be applied toward annual deductions. Further, because silicone roof coatings reduce the energy costs associated with heating, cooling, and lighting, end-users could qualify for the Section 179D deduction, which allows claims between 50 cents to $1 per square foot, depending on the total energy savings. In addition to using Section 179D deductions, companies can use tax credits for upgrades or construction projects. Specifically, Section 148 Investment Tax Credit allows building owners to use the tax credit against their own tax liability. In most cases, the credits now carry back three years and forward 20 years. Building owners should consult a qualified tax professional to assess applicable tax-saving opportunities. Unique role The unique expertise brought by a skilled roofing contractor knowledgeable in roofing solutions, such as silicone coating, positions them as a trusted advisor and valuable resource. This role as an honest broker provides an invaluable link between end-users and coating manufacturers. This commercial building in Santa Monica, Calif., was coated with silicone roofing. Once cured, the moisture-cured coating formed an elastomeric and durable film, allowing the roof coating to seal around penetrations, bridge cracks, and reinforce membrane seams. Continued on page 30
View this content as a flipbook by clicking here.