Right after passage of the huge tax overhaul bill, Congress under Senator Orrin Hatch, introduced a tax extenders bill on December 21, called the Tax Extender Act of 2017, which would ‘renew’ a number of renewable energy credits and incentives, as well as...
As many states and counties implement tougher building codes, this can present challenges for developers. However there is a silver lining that many developers may not be aware of – the Section 45L Energy Efficient Home tax credit still looks back to the 2006 IECC...
The Senate passed the energy tax credit (energy efficient home tax credit) for 2014 yesterday, December 16, 2014, adopting the House bill from a few weeks ago, part of the tax extenders bill extending the 45L energy credit for one year (2014). The 45L energy tax...
To claim the Section 45L energy efficient tax credit for residential properties, the developer/owner must review what types of properties qualify as ‘residential or a dwelling unit” and we are often asked this question. Under the 45L criteria, the energy...
The energy tax credit under Internal Revenue Code Section 45L for energy efficient construction is a valuable tax credit for incentivizing using energy efficient lighting, HVAC, insulation, windows and other aspects that results in the home or apartment using less...
