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Tax Credit Processing Experts
Home Builders Resource for 45L tax credits
We have been advising and processing 45L tax credits for over eight years. We have worked with most of the top 25 homebuilders across the country providing them with $2,000 45L tax credits on lots that meet the DOE standard
Tax Credit Processing Experts
Projects that qualify?
Many residential project types qualify for 45L tax credits:
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Single-family homes (custom & production home developments)
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Multi-family apartment and condominium projects 3-stories above grade and less
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Additional Dwelling Units (ADUs)
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Assisted living facilities
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Student housing
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Substantial reconstruction or rehabilitation
45L tax credit basics
The 45L credit is federal tax incentive that promotes the construction of energy efficient residential buildings. The credit is available to builders, developers and others who build homes for sale or lease.
To qualify for the $2,000 tax credit, an eligible “dwelling” must:
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Be at least 50% more efficient than the 2006 IECC benchmark. Efficiency compliance must be verified with DOE approved 45L software, such as Micropas.
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Have the energy features verified by a qualified HERS Rater (Eligible Certifier)
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Be sold or leased prior to January 1, 2022
Most California residential building projects qualify for this credit by building to current California code. California’s progressive Building Energy Code (Title 24) is substantially more stringent than 2006 IECC.
Ruth and Company
OUR SERVICES
Project Review
Ruth and Company is happy to provide a project review at no cost to help identify projects that will qualify for the 45L tax credit.
