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
 
Eligibility Requirements:
To meet this requirement, the dwelling must be 3 stories above grade or less and certified in accordance with guidance prescribed by the IRS to have a projected level of annual heating and cooling energy consumption that meets the standards for the 50% reduction in energy usage.  A HERS rating is the best way to make this determination.  The dwelling must be sold or rented/leased and be substantially complete before December 31, 2017. 
 
How to Apply:
Green Insight can provide you with the required documentation once the HERS ratings have been completed and registered with RESNET .  Your tax professional will need to fill out IRS form 8909.  Instrutctions available here.
 
If you have any questions, please contact us here

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Testimonials

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.

Case Studies

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