What is the EPAct tax deduction?
The government provides an accelerated tax deduction of 60 cents/psf which can all be taken in the year your project is installed, providing LSI certifies you for EPAct. If you are in the typical 35% corporate tax rate structure, take your deduction amount x 35% to realize your “real cash” value of this deduction. Why don’t I just use my maintenance department to change out our fixtures? You can, HOWEVER we typically complete jobs in 2 days to 2 weeks, depending on the size of your facility. If you do this yourself, there are 3 HUGE disadvantages: • You cannot certify yourself for EPAct, therefore missing out on the tax advantage costing you thousands of dollars. • With our 12 years of experience, we will recommend just the right fixture combination, as there are lots of options and a “one-size-fits-all” approach will waste tens of $1000’s in energy annually. • Your maintenance dept is employed to keep your plant and equipment running. A project like this could take a year or more to i
