45L Tax Credit
Recent tax legislation extended the Energy Efficient Home Credit which offers a 45L Tax Credit of $2,000 per dwelling unit to developers of energy efficient apartment buildings and homes.
Eligible 45L Tax Credit Apartment Buildings & Condos
A dwelling unit should provide a level of heating and cooling energy consumption that is significantly less than certain national energy standards, dependent on when the unit is sold or leased. Based on current construction trends, many developments already exceed these standards. Given that current energy codes have evolved tremendously over the past five years, many developers are already building to specifications that would meet the criteria for this credit. All apartment buildings and residential condominium developments completed within the last 4 years are worth assessing for potential 45L tax credits. Eligible construction also includes substantial reconstruction and rehabilitation. Developers can still claim the 45L tax credit retroactively if they did not claim them on previous tax returns.
» Find out if your building qualifies for 45L Tax Credit
The basis for developing and supporting the 45L tax credit is a detailed energy analysis that must be certified by a qualified third-party. Our multi-disciplinary team of engineers and tax experts will ensure that you obtain the maximum tax credits and provide all the documentation necessary to sustain an IRS audit. We use IRS approved software programs for the IRC Sec. 45L certification.
45L Tax Credit Benefits
· 30 qualified units = $60,000 in 45L tax credits
· 60 qualified units = $120,000 in 45L tax credits
· 100 qualified units = $200,000 in 45L tax credits
· 200 qualified units = $400,000 in 45L tax credits
· 500 qualified units = $1,000,000 in 45L tax credits
· 1000 qualified units = $2,000,000 in 45L tax credits
Get Started Today
We offer a complimentary feasibility assessment that will illustrate how you can benefit from the 45L tax credit. To find out more or to get started on a feasibility assessment contact CJ Aberin directly at 877.525.4462 x148 or email email@example.com
Learn more with a webinar for the Multifamily Industry
Multifamily developers are eligible for significantly greater Federal energy efficiency incentives than their commercial counterparts. This webinar focuses on two energy tax incentives, 45L and 179D and how they relate to multifamily developers and investors. The course includes recent developments, how to calculate benefits, and how to identify good opportunities for these additional tax incentives.