45L Energy Efficient Home Tax Credit Passes House – Tax Extenders Bill Update

The House passed a bill today to address expired tax extenders including the Energy Efficient Home Tax Credit under Section 45L and including the 179D energy deduction for commercial construction. The bill is expected to pass the Senate and move on to the President later this week. Under the bill, the 45L energy tax credit is retroactively extended covering years 2018, then including 2019 and 2020. So any homes or apartment units sold/leased after 12/31/17 and through 12/31/2020 are included and potentially eligible for the energy tax credits. These are worth $2,000 per unit (per leased apartment unit or per house sold) and the 45L studies require a firm with certified IRS approved software to determine the energy efficiency metrics and whether the units qualify. We have an engineer on staff and the software and there is no cost for an initial evaluation to see if units qualify so please reach out to us if you would like to schedule a 45L energy tax credit review.

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