Loading...

45L Energy Efficient Home Tax Credit

ARCXIS Helps Builders Take Advantage of the 45L Energy Efficient Home Tax Credit

The 45L is a tax credit available to builders and developers who financed the construction of energy efficient homes and then sold or leased them.

FAQs:

What is the 45L Energy Efficient Tax Credit?

The 45L Energy Efficient Tax Credit is a tax credit for residential properties that meet specific energy efficiency guidelines. The tax credit is $2000 per dwelling per unit and can be claimed by the builder/developer(s) of energy efficient of homes.

What are the requirements to meet to receive the 45L Tax Credit?

  • Units must be at least 50% above the 2006 International Energy Conservation Code (IECC).
  • Features must be verified by an eligible certifier.
  • Units must be completed and sold (close of escrow) or leased/rented by the end of the tax year.

What types of projects qualify for the 45L Tax Credit?

Single-family and multi-family dwellings for sale, lease/rent which are three stories or less.

Must all homes in a project qualify to receive the 45L Tax Credit?

No. The 45L tax credit is not like utility rebate programs which require the entire project to qualify.. The tax credit is per dwelling, per unit.

Does the 45L tax credit carry forward?

Yes. The unused credit can be carried forward up to 20 years.

Is there any downside to claiming the 45L tax credit?

No. While some energy efficient building materials might cost more, the financial incentives of the tax credit plus the increased equity and lower utility costs for the occupants are worth it in the long term. The tax credit aims to encourage builders to use energy efficient materials.

Can I go back on previous years' projects and get this tax credit?

Yes. In most cases tax filings can be amended up to three (3) years from the date of the tax filing.

What is the ARCXIS 45L Tax Credit Certification Process?

  1. Contact ARCXIS to get a free tax credit review.
  2. Using Energy Pro v4.8 every home will go through the nationally recognized certification process.
  3. ARCXIS provides 45L tax credit certificates for all homes that meet certification requirements before 2020 tax season.

Can ARCXIS help builders qualify for the 45L tax credit?

Yes. Not only is ARCXIS a qualified 45L Energy Efficient Tax Credit rater and certifier but also is the largest rating provider in the U.S. With over 100 combined years of industry experience and the expertise of hundreds of professionals, we are dedicated to the success of our builder clients.

Want to talk? Contact us. We are here to help!

Contact Us