Siemens CARES Act Flyer

Tax Deductions for Qualified Property QIP CARES Act Aid Relief and Economic Security Act to Section 168 interior improvements made by the taxpayer existing non residential buildings may be eligible a tax deduction of the full amount of equipment and costs in a single year without limitation on the of the project can include HVAC interior ductwork Building management systems Sensors valves actuators and other HVAC devices Interior work for most other building systems including electrical fire protection and alarm gas distribution security systems Modifications to tenant spaces as long as the interior are not load bearing CARES Act provides a technical correction qualified improvement property QIP taxpayers to claim 100 bonus on eligible QIP in qualified facilities improvements to building performance and tax savings it works Example for energy savings project 1M annual and installation 200,000 annual energy savings 200,000 annual utility incentives 3.89 years simple payback without using depreciation 1.53M Net Present Value 3.71 years simple payback 1.63M Net Present Value 2.9 years simple payback 1.72M Net Present Value rate of 3 project life of 20 years straight line depreciation over 20 years CARES Act incentives HVAC and Building Automation solutions Automation for all building and applications Products designed for best system performance comprehensive building automation control systems portfolio provides tailored to each project needs Openness and are the bottom line for all systems Combining electrical and systems in a comprehensive approach and designing reliability is how we make what a reality of our HVAC products are built long lasting performance for the rigorous building demands reliable equipment control exceptional energy savings from to years in operation Siemens will not recommend any action to Customer as Siemens is not registered municipal advisor and is not to any of the fiduciary duties imposed municipal advisors Siemens is not a tax to nor fiduciary of Customer and should consult its own legal financial other tax advisors as appropriate prior to any financing related action Industry Inc Infrastructure Deerfield Parkway Grove IL 60089 847 215 1000 2020 Siemens Industry Inc