Home
About W G WILLIAMS
Property Benefits
Payroll Tax Credits
Workers Comp Analysis
Energy
Information Technology
Additional Services
CONTACT US
 


ENERGY DEREGULATION Qualified Clients Can Save up to 30% Over Their Current Rate

Through an exclusive arrangement with the 90th largest company in the world, the energy company Forbes Magazine calls, ‘the most admired global energy company,” COST RECOVERY CONSULTANTS (W G WILLIAMS, LLC) proudly introduces Electricity Deregulation. Currently servicing over 500,000 customers, our world-class energy partner is completely vertical and answers the question, “Can skyrocketing rates really be managed?” …with a resounding, ‘Yes!”

Electricity and Natural Gas Rates Expected to Double
According to a recent report from Bloomberg News, a respected worldwide business news service, future rates for electricity and gas are expected to rise 100 – 125%, which translates into doubled rates for users. Furthermore, as just reported by the Wall Street Journal, U.S. wholesale energy prices experienced a “sharp rise” with much higher than expected “swelling” increases in the production costs of energy, natural gas, and gasoline.

With energy costs typically being the third largest expense of U.S. companies, these dire forecasts of continued energy inflation could have devastating effects on the bottom line. But now there’s hope. With energy deregulation laws quickly coming on the books in many states, businesses finally have the opportunity to choose a cost-saving and more reliable energy partner. That’s where you come in.

The Target Client
Any U.S. business that suffers from escalating energy costs.

ENERGY EFFICENCY STUDIES

You may be eligible for a tax deduction of up to $1.80 per square foot for improving the energy efficiency of your existing commercial buildings or designing high efficiency into new buildings. The Energy Policy Act of 2005 includes a tax credit for investments in energy-efficient commercial building property designed to significantly reduce the heating, cooling, water heating and interior lighting energy cost of new or existing commercial buildings. To be eligible, the energy efficient commercial building property, must be placed in service between January 1, 2006December 31, 2007. Under section 179 D of the Internal Revenue Code for the proposed or newly installed: lighting upgrades, HVAC, hot water and building envelope, our team member firm can perform the certification process and conducts this process in accordance to section 1331 of the Energy Policy Act of 2005, Pub. L.No. 109 58,119 Sta. 594 (2005) enacted Section 179 D of the Internal Revenue Code. and Qualifications: 
To qualify for the full deduction, a building owner or tenant must make investments designed to reduce energy cost by 50% or more. A partial credit of $0.60 per square foot  is available for investments in one of three systems lighting, heating and cooling; or building envelop designed to reduce energy cost by 16 and 2/3% ( i.e., one-third of the 50% requirement).  Tax credits, such as the ones provided in the 2005 Energy Policy Act, reduce the amount of tax you owe to Uncle Sam, dollar for dollar.

Who can benefit from the tax credit?
The person or organization that pays for construction is generally the recipient of the credit. This is usually the building owner, but for some HVAC or lighting efficiency projects, it could be the tenant. What can you do today to be ready?
Its hard to mange what we dont measure. With new easy to use tracking tools, you can establish the current energy use of your building(s) and determine a reasonable energy savings goal. This is the first step in many effective energy savings programs, and will help you identify the best opportunities to qualify for the tax deduction. To establish a reference using EPAS National Energy Performance Rating System (www.energystar.gov/benchmark), a free online tool that provides many types of buildings with a score on a simple 1 to 100 scale, 1 being the least efficient and 100 being the most efficient. Get started today!

Overview:
Section 1331 of the Energy Policy Act of 2005 provides for and allows a deduction for energy efficient commercial buildings that reduce annual energy and power consumption by 50% compared to the American Society Of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE) standard. A maximum deduction of $1.80 can be obtained if a reduction in energy consumption reaches 50%. Additionally, a partial deduction of $0.60 per square foot for building sub systems.SUB-SYSTEMS:   Lighting, HVAC,    Hot water and Building Envelope.PARTIAL DEDUCTION: Owners of new and existing buildings (placed in service prior to the date of enactment) may earn a partial deduction of $0.60 per square foot per system for upgrading one or two major building Sub Systems. The company follows the IRS Guidelines relative to partial credits and the interim rule, Partial Credits and the Permanent Rule Notice 2006 52, Calculations methods Notice 2006 52, and the Certification Notice 2005 52.Scope of Services: The company will conduct a physical inspection and perform and Energy Efficiency Study (EEF) to calculate, determine and certify the allowable deductions for part or all of the cost of Energy Efficient lighting, HVAC, hot water and building envelop or any of these Sub-Systems that have been placed in service after December 31, 2005 and Before January 1, 2008.INTERIM RULES Lighting: Interim rules (existing while the Secretary of the Treasury develops long term rules) establishes a deduction of $.30 per square foot for buildings or portion of buildings that achieve at least 25% lighting savings relative to the ASHRAE 90.1-2001 lighting power density (Watts per sq ft) requirements (but excluding ASHRAEs additional lighting power allowances) and that also uses bi level switching. This deduction increases progressively to $0.60 per square foot for using bi-level switching and achieving 40% lighting savings. Method of Computation: The performance Rating Method (PRM) must be used to compute the percentage reduction in the total annual energy and power costs with respect to combined usage of a buildings heating, cooling, ventilation, hot water and interior lighting systems as compared to the minimum requirements of standard 90.1-2001.
The Energy Efficiency Study (EES) Process: Initial data is gathered to evaluate the potential tax savings for implementation of EES and Certification. 

NO COST! Once letter of Engagement is authorized, someone from our engineering team will visit site/buildings and inspect equipment.          Prescribed calculations will be made on the energy usage and proposed usage utilizing IRS approved software. The calculations, the Certification of approved and qualifying assets/ equipment will be completed and the (EES) documenting the allowable credits will be delivered to tax payer / property owner.  

  


 
Top