45L Tax Credit
The Energy Efficient Homes Credit is a 45L Tax Credit that offers $2,000 per dwelling unit to multifamily developers and single family home builders. It can be a great incentive for those looking to offer homeowner efficient spaces without breaking the bank.
To be eligible for the credit, several key conditions must be met. These include...
Defined as a "dwelling unit". This is any unit providing complete independent living facilities for one or more persons.
Completed after August 8, 2005.
Located in the United States.
Meets the requirements for Code Section 45L(c). See below for standard practices.
Certified by a third party provider such as 15 Lightyears.
Who Can Benefit?
Production Home Developments
Low Income Housing
Substantial Reconstruction Projects
The following are energy efficient upgrades that may make you eligible for the Energy Efficient Homes Credit. While certification is performance based rather than a prescriptive, these are all general requirements for attaining the 45L tax credit.
Wall insulation R-13 through R-19 and above
Attic insulation minimum R-38
Foam injected concrete Blocks R-9 and above or ICF block
Energy Star or Low-E windows with <0.28 U factor and <0.30 SHGC.
Insulated exterior doors
Reflective roofing materials
Extra insulated foundations and slab
HVAC SEER Rating 16 or higher (15 may be acceptable is some cases).
Mechanical ventilation or exhaust fans required in at least one bathroom
R13 frame walls.