Schultz Energy Consulting can help you determine if your building is eligible for the Federal 45L Tax Credit. Our experienced team of professionals can certify your building and provide all the documentation required by the IRS to claim the credit.
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Energy Policy Act Section 45L Tax Credit Guide
1. John J. Schultz
Energy Consultant
RESNET/HERS Certified Rater
Stevens Point, Wisconsin
SchultzEnergyConsulting.com
John.Schultz@schultzec.com
2. Energy Policy Act of 2005
IRC Section 45L
Residential &
Multi-Residential Buildings
For New Construction and Retrofits
3. Qualifying Dates
“substantially completed”
1/1/2012 to 12/31/2016
and
“leased or sold”
1/1/2012 to 12/31/2016
*the 3-year tax return amendment window may reduce
owners qualifying ability .
* The 45L tax credit may be extended beyond 2016
5. Tax Credit Amount
Provides for a
Tax Credit of $2,000
per dwelling unit
Apartment Building w/ 50 Units = $100,000 Credit
6. Dwelling Unit
“single unit providing complete
independent living, including permanent
provisions for living, sleeping, eating,
cooking, and sanitation that is not more
than three stories in height”
Dwellings Units can be Homes, Apartments,
Senior Living Facilities, Condominiums
12. How to take the Credit
Credits must be taken in the tax year the
building was leased or sold
Form 8908 - Energy Efficient Home Credit
45L is a Section 38 General Business Credit
13. How to take the Credit
• 1-Year carry back
• 20-Year carry forward
• 3-Year amended return
14. Paper Reduction Act
Nothing is submitted with
your tax return other than
IRS Form 8908
Keep the certification and
calcs on-file, if audited
15. What We Need
Floor, Elevation & Section Plans
Window & Door Schedules
Mechanical Specs
Inspect the Building
16. Things to Know
• Free Analysis
• Written Fee Proposal
• Reduces Building Basis
• No fee if no tax credit