There is widespread acceptance that the renewed focus on green building is good for the planet, but current tax legislation is also making it good for your wallet. The stimulus package signed into law earlier this year extended a key provision of the Energy Policy Act of 2005 (the “Act”) that allows a tax deduction of up to $1.80 per square foot for certain energy efficiency improvements. The Energy Efficient Commercial Buildings Deduction, included in Section 179D of the Internal Revenue Code, allows building owners or lessees to deduct up to $1.80 per square foot for energy efficiency improvements to