Credits & Incentives
Tax Credits And Deductions
Funding Carbon-Free Upgrades
45L New Home Energy Efficiency Tax Credit
The Energy Efficient Home Credit applies to developers of energy-efficient homes and apartment buildings. The 45L Tax Credit offers $2,500 per dwelling unit or $5,000 by lowering energy consumption levels significantly to meet ENERGY STAR requirements or DOE's Zero Energy Ready homes.
179D Commercial Energy Efficiency Tax Deduction
Building owners or designers can claim a tax deduction for installing energy-efficient upgrades to reduce their annual energy spending. Even not-for-profit entities can benefit from this tax deduction.
The Section 179D of the Federal Tax Code provides a tax deduction of up to
$2.50 per square foot up to $5.00 for energy efficiency improvements to commercial buildings.