45L Home Tax Credit
The 45L tax credit was established as part of the Energy Policy Act of 2005 and has been subsequently extended several times. It encourages the construction of energy-efficient residential buildings and promotes the use of more environmentally friendly building practices.
It’s aimed at promoting energy efficiency in residential properties. It provides tax incentives to home builders or developers who construct energy-efficient homes and multifamily properties. To qualify for the credit, the homes must meet certain energy-saving criteria related to heating, cooling, ventilation, water heating, and other components.
If you are building between 2015 and 2018 standards, you qualify for the 45L Home Tax Credit. Call us for more information. Home Ready Inspections is certified by an accredited Rating Provider to inspect and test a home in order to evaluate each of the minimum rated features and complete a Home Energy Rating according to the RESNET Standards.
As with any tax credit, there are specific application procedures and documentation requirements to claim the 45L tax credit. If you are a home builder or developer interested in this credit, I recommend consulting a tax professional or visiting the IRS website for the most up-to-date details and guidelines.
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The information provided here is for general informational purposes only and should not be considered as tax advice. Tax laws and credits can vary based on individual circumstances and jurisdictions. For personalized advice, please consult with a qualified tax professional. We do not endorse any specific tax credit, product, or service mentioned herein.