TEMPLOK Tax Credits & Deductions

Investment Tax Credit (ITC) Breakdown

Inflation Reduction Act of 2022, Section 48E
The purchase and installation of Armstrong TEMPLOK Energy Saving Ceiling Tiles (including support systems/grid and labor) may qualify for a federal investment tax credit of up to 50% because TEMPLOK ceiling tiles have thermal energy storage properties (phase change material in the ceiling).

 

40% Credit

Most TEMPLOK Ceiling projects may qualify for 40% tax credits.**

 

+ 10% Credit

If TEMPLOK Energy Saving Ceilings are deployed in an “Energy Community” (a Brownfields site, or certain fossil fuel dependent communities) an additional 10% tax credit may be available.
Not all areas will qualify for this credit. Consult your tax advisor to determine your eligibility.

 

Credits, Deductions and Rebates Breakdown

Inflation Reduction Act of 2022, Section 48E
The purchase and installation of Armstrong TEMPLOK Energy Saving Ceiling Tiles (including support systems/grid and labor) may qualify for a federal investment tax credit of up to 50% because TEMPLOK ceiling tiles have thermal energy storage properties (phase change material in the ceiling).

40% Credit

Most TEMPLOK Ceiling projects may qualify for 40% tax credits.**

+ 10% Credit

If TEMPLOK Energy Saving Ceilings are deployed in an “Energy Community” (a Brownfields site, or certain fossil fuel dependent communities) an additional 10% tax credit may be available.
Not all areas will qualify for this credit. Consult your tax advisor to determine your eligibility.

*  This document lists various federal tax credits and deductions that your project may qualify for when purchasing TEMPLOK Energy Saving Ceilings. Please consult your own tax attorney or advisor.
** The project meets one of three requirements: 1. Meeting < 1MW thermal energy storage/year (estimate < 890K SF TEMPLOK). 2. Beginning construction before January 29, 2023 OR 3. Prevailing Wage & Apprenticeship requirements.

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Frequently Asked Questions

  • What credits, deductions and/or rebates are available? And where?

    A variety of credits, deductions or rebates may be available based on your project type, geographical location or other factors. We will continue to add information as additional programs become available.

    The deductions are only available in the United States for eligible tax payers.
  • What tax deductions do TEMPLOK Ceilings qualify for?

    TEMPLOK may qualify for 179D Energy Efficient Commercial Buildings Tax Deduction 
    Under  Federal Internal Revenue Code 179D, commercial building owners may be able to claim a tax deduction for certain energy efficient commercial building property. TEMPLOK Energy Saving Ceilings may qualify as part of a building’s heating, cooling or ventilation systems.

    Who is eligible? Owners of qualified commercial buildings as well as designers of EECBP/EEBRP installed in buildings owned by specified tax-exempt entities.

    What is the amount of the deduction? The deduction for EECBP equals the lesser of the cost of the installed property or up to a maximum of  $5.81/sq. ft. The deduction amount varies for building placed in service before 2023.

  • What is my price for TEMPLOK Ceilings before and after credits or deductions?

    Consult your Armstrong Rep or local distributor for help with calculations.

  • What is the amount of the 48E tax credit and what does it apply to?

    The value and applicable product(s) for each credit or deduction vary. Please review specific incentive documentation with your tax advisor. 

    48E 
    You may qualify for up to a 50% credit. The first 40% is based on you meeting one of three requirements: 1. Meeting < 1MW thermal energy storage/year (estimage < 890K SF TEMPLOK). 2. Beginning construction before January 29, 2023 OR 3. Prevailing Wage & Apprenticeship requirements. 

    An extra 10% may apply in designated energy communities. Consult your tax advisor to see if your project fits this requirement.