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Section 45L Tax Credit - For Green Building Residential Development

If you’re a residential or low-rise multi-family property developer that has improved energy efficiency on your building/s in the past four years, there’s a good chance you qualify to receive a green building 45L tax credit of up to $2,000 per dwelling unit (not per building). Manufactured home producers that meet the 45L credit standards could qualify for $1,000 per unit.

An example:  For 50 apartment units, condos, townhomes or single-family homes that meet the 45L credits performance standards, developers would earn a tax credit of $100,000.

Construction or rehabilitation of a dwelling unit must be substantially completed after August 8, 2005 and before December 31, 2016.

Eligible Properties

Qualifying properties are comprised of dwelling units, where a dwelling unit is defined as one or more rooms including a kitchen and designed as a unit for occupancy by one family for the purpose of cooking, living and sleeping.

Multi-family projects (no more than three stories above grade) and single-family homes must achieve a 50% reduction in energy use as compared to the 2006 International Energy Conservation Code (IECC), with building envelope components making up one-fifth of the improvement. Manufactured homes must meet ENERGY STAR® standards and use 30% less energy than the 2006 IECC, with one-third of the reduction coming from envelope components.

Who Claims The 45L Tax Credit?

The 45L credit is available to an eligible contractor in the year the certified dwelling units are leased or sold.  An eligible contractor is the person or company that owns and has basis in the qualified energy efficient home during the construction.

How CTI Helps You Receive 45L Tax Credits

As an independent third-party firm with the software required by qualified auditors, we provide the verification, certification and documentation needed to claim the 45L tax credit and defend it against audit.  The fee for certification is typically charged on a per unit basis.

Cost Segregation Resources Calculator

Owners of commercial properties may qualify for substantial tax savings. Try our cost segregation calculator to see if you are qualified to save significant tax dollars.

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