45L Energy Tax Credit 2017 Extension – may be tied to Continuing Resolution

If history is any guide, often tax extenders bills, like the Dec 21, 2017 Tax Extenders Act of 2017, may be tied to must-pass legislation. The next key date is January 19, 2018 when Congress must act on either a budget or a continuing resolution (CR) to keep the government open.

The Section 45L energy efficient home tax credit is a key incentive for using energy efficient components in construction in the U.S. real estate market. In our experience, this tax credit sways developers to use energy efficient heat/AC/windows/lighting in making decisions on which components to use in new construction or rehabs, thus lowering utility bills for renters and home owners.

The Tax Extenders Bill of 2017 also contains several other energy and green incentives such as solar, wind, geothermal heat pumps and fuel cells, all of which benefit the U.S. economy, create jobs and reduce greenhouse gasses and pollutants.

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