45l tax credit
Energy Efficient Home Credit
The Energy Efficient Home Credit known as 45L provides a tax credit for each qualifying new energy efficient residence built by an eligible contractor between August 8, 2005 and December 31, 2011. The tax credit typically amounts to $2,000 per residence, and there is no restriction on the property being used as the claimer’s principal residence, meaning multiple residences can be claimed by developers and contractors. Further, since the 45L benchmark was based on earlier standards, most recently built homes exceed the standards and qualify. This means potentially tremendous savings on apartments, college and university dorms, as well as traditional homes.
Dixon Hughes Goodman, in partnership with leading energy engineers, has the technical knowledge and experience to deliver the proper certification and documentation needed to qualify for this credit.
- Located in the United States.
- Construction was substantially completed after August 8, 2005 and before December 31, 2011. Construction includes renovations and rehabilitation.
- The home is a “dwelling” unit that provides complete living facilities for one or more persons within a building that is not more than three stories in height.
- Meets the energy savings requirements of Code Section 45L(c). To meet this requirement, the dwelling must generally be certified in accordance with guidance prescribed by the IRS to have a projected level of annual heating and cooling energy consumption that meets the IRS standards.
- Apartment Complexes (each unit)
- Condominiums (each unit)
- Colleges and University Apartments
- Traditional Homes
- Apartment Complex Owners
- Residential Developers
- Residential Contractors
- Individuals
- Partnerships
- Corporations
- Trusts
- RESNET Certified
- Certified and Approved Software
- 45L Eligible Certifiers
- Engineers/Architects
- CPAs
For more information about the 45L tax credit and how it applies to you, contact Rudy Thomas at (843) 727-3205 or via email or Stuart Nofsinger at (843) 727-3433 or via email.
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