High energy costs have always been an incentive for improving the energy efficiency of commercial buildings. Now that the threat of global climate change and record-high costs have ratcheted up the urgency, federal tax deductions originally passed in 2005 give commercial property owners, and in some cases, architects, engineers and contractors, generous allowances for the construction or renovation of energy-efficient buildings. These tax deductions are available for systems “placed in service” in U.S.-located commercial buildings from January 1, 2006 through December 31, 2013, even if the deductions were not originally taken in 2006 or 2007, they can generally be claimed
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.