Study Documents Major Job Growth from Energy-Saving Tax Incentive

Between 40,000 to 77,000 new jobs per year created with renewal of 179D tax deduction

WASHINGTON (May 24, 2017) – (RealEstateRama) — As many as 77,000 new design and construction jobs would be created annually over 10 years—along with almost $7.4 billion more in annual GDP—if Congress and the administration continue an important energy efficiency tax policy, according to an economic impact study released today.

USGBC

Section 179D of the tax code, also known as the Energy Efficient Commercial Buildings Deduction, allows qualifying building owners and businesses to receive up to a $1.80 per square foot tax deduction for certain energy efficiency improvements placed into service during all open tax years. It was originally passed by Congress as part of the Energy Policy Act of 2005, in direct response to broader energy usage and independence concerns.

by Marisa Long

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USGBC

The U.S. Green Building Council (USGBC) is a 501 c3 non-profit organization committed to a prosperous and sustainable future for our nation through cost-efficient and energy-saving green buildings..

With a community comprising 78 local affiliates, more than 20,000 member companies and organizations, and more than 100,000 LEED Accredited Professionals, USGBC is the driving force of an industry that is projected to soar to $60 billion by 2010.  The USGBC leads an unlikely diverse constituency of builders and environmentalists, corporations and nonprofit organizations, elected officials and concerned citizens, and teachers and students.

Contact:

U.S. Green Building Council
2101 L Street, NW
Suite 500
Washington, DC 20037

Customer Service
Phone: 1-800-795-1747

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