45L Energy Efficient Tax Credit – What Properties Qualify?

To claim the Section 45L energy efficient tax credit for residential properties, the developer/owner must review what types of properties qualify as ‘residential or a dwelling unit” and we are often asked this question. Under the 45L criteria, the energy credit rules define that:

A dwelling unit is a single unit providing complete independent living facilities for one or more persons, including permanent provisions for living, sleeping, eating, cooking, and sanitation, within a building that is not more than three stories above grade in height.

Under this definition, single family homes, apartment units, condos, townhomes, and facilities such as long term care facilities and many student housing units meet this criteria provided they are not more than 3 stories and meet the other criteria above.

If you need assistance determining whether your project qualifies, please email or call us and we can scope out your 45L energy credit potential free of charge.

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