News - 45L

Section 45L - Energy Efficient Home Tax Credit Renewed!

On February 9, 2018, the Bipartisan Budget Act was passed, providing a one-year retroactive extension of the New Energy Efficient Home Tax Credit under Code Section 45L through the end of 2017.  The tax credit of $2000 per dwelling unit is available to the “eligible contractor,” which may be the Home Builder or the Multifamily Developer, and applies to multi-family and single-family residential units whether new or substantial rehabilitation.  The tax credit can be claimed retroactively if not claimed on previous tax forms. 
 
See our 45L FAQ Sheet here