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March 5, 2018
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.
Edward O. Paschich, Paschich Design Group
In 1976 I built my first house. It was a “Solar Adobe.” I went on to “Environmentally Responsible,” then to Tire Houses, Straw houses and even a small Daub and Wattle building pursuing Sustainable building.
Santa Fe Civic Housing Authority completed the first 111 affordable LEED for Homes units in the Santa Fe area – Villa Alegre Phase 1 and 2. The project broke ground in June of 2010 and achieved platinum certification in November of 2012. The... Read More