45L Tax Credits

45L Tax Credit

Section 45L Tax Credit

45L Tax Credit

Property owners who improve their properties and have reduce the heating and cooling 'loads' by 50% over the 2006 International Energy Conservation Code (IECC) following an energy audit and on-site inspection, they are eligible for a $2,000 per unit tax credit. Even if you have already attempted to get this credit and failed to qualify, you may still qualify.

45L Tax Credit

To qualify for the tax credit

To qualify for the tax credits the property must be meet the following:

✓ the property was built between August 5, 2005 and December 31, 2021
✓ constructed or renovated in the United States, includes territories considered the United States
✓ improved the heating & cooling loads by 50% as compared to a reference unit built to the 2006
   International Energy Conservation Code (IECC) standard¹
✓ Requires the dwelling unit be modeled to determine if the unit reduces the energy use
✓ Requires an on-site visual inspection

Who Can Benefit?

The 45L tax credit benefits investors in low-rise residential, single family and multifamily residential properties that are three stories or less. It delivers some significant cost savings. The Federal Energy Efficient New Homes Tax Credit (Section 45L) applies to single family and low-rise multifamily properties that were sold or leased between August 2005 and December 31, 2021.

Claiming the 45L Tax Credit

  • If you have made any improvements to your property between 2017 and 2020 and have not yet filed your 2021 return, there is a good chance you qualify for this tax credit.
  • An energy model is created to determine the heating and cooling loads. If they satisfy the requirements to take the credit then an on-site inspection is scheduled.
  • We will review your property, at no cost to you, to see if there's any options available to qualify for the tax credit. If your property meets the following criteria you owe it to yourself to see if you qualify.
45L Tax Credit

Free Evaluation

Our consultants will actually conduct the testing necessary to confirm these estimates and create photo-documentation to back up the validity of the tax credits. An important distinction.

If you would like to know if your property qualifies, upload your full set of construction or renovation plans, your cut sheets if you have them, and we will evaluate your plans and make a determination if your property qualifies for the $2,000 per dwelling unit tax cut. We will do this at no charge to you. Give it a try, you have nothing to lose.

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