$2,000 45L Home Builder tax credit extended for 2022 homes!

THE 45L NEW ENERGY EFFICIENT HOMES TAX CREDIT

The Inflation Reduction Act of 2022 was signed into law today. As part of the legislation, the $2,000 per dwelling unit 45L tax credit was extended for homes sold or leased through December 31, 2022.

Other than dwellings sold or rented in 2022, there are still a large number of projects completed prior to this year that may qualify for the credit. Low-rise multifamily projects are also eligible and typically qualify given the stringent Title 24 energy standards.

Builders and HERS Raters can easily log into CHEERS and see which projects qualify for the tax credit.

ENERGYSTAR AND 45L
Dwellings certified under the ENERGY STAR Residential New Construction or the ENERGY STAR Manufactured New Homes programs sold or rented after December 31, 2022 will be eligible for a $2,500 tax credit. This credit jumps to $5,000 if the units are certified under the Zero Energy Ready homes program (ZER).
Dwellings certified under the ENERGY STAR Multifamily New Construction National Program will also be eligible for these benefits, including high-rise projects. These tax credits remain in effect through 2032.

ABOUT CHEERS
CHEERS is where building professionals register projects for California energy code compliance. More projects are registered with CHEERS for energy code compliance than anywhere else!

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