Requesting an allocation letter while construction is still in progress involves a two-step process to ensure you secure the deduction early and avoid missing out:

• Step 1: Letter of Intent:
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  • Purpose: A letter of intent helps secure your allocation of the 179D deduction early in the project lifecycle.
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  • Timing: You can request a letter of intent as soon as the project bid is won and the design work begins.
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  • AllocatePro Assistance: AllocatePro streamlines the creation of the letter of intent, ensuring that it meets all necessary requirements and reaches the right contacts within the public entity or institution.
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• Step 2: Final Allocation Letter:
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  • Completion: Once construction is complete and all energy efficiency improvements have been verified, AllocatePro will help you finalize the allocation letter.
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  • Submission: The final allocation letter will be submitted to secure the deduction formally.
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Key Points to Consider:

• Sense of Urgency:
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  • Early Action: Requesting a letter of intent early ensures that you secure the allocation before another designer, architect, or engineer potentially claims it.
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  • Competitive Edge: By acting promptly, you can prevent delays and maximize your chances of obtaining the deduction.
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• AllocatePro Advantages:
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  • Early Use: Utilize AllocatePro as early as the project bid stage to start the process.
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  • Secure Allocation: Ensures your allocation is secured early in the project, providing peace of mind and financial planning benefits.
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  • Streamlined Process: AllocatePro’s platform simplifies both steps of the process, from creating the letter of intent to finalizing the allocation letter post-construction.
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• Avoid Missing Out:
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  • Timely Submission: Ensure your submission is timely and compliant, reducing the risk of missing out due to procedural delays or errors.
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  • Expert Support: AllocatePro provides expert support throughout the process, helping you navigate any challenges and ensure all documentation is accurate and complete.

By using AllocatePro early in the project, you can secure your allocation of the 179D deduction, avoid potential competition, and ensure a smooth transition from the letter of intent to the final allocation letter.

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