45L Builder New Home
Federal Tax Credit
45L New Energy Efficient Home Tax Credit
The 45L is a federal tax credit available to builders who financed the construction of new energy efficient homes and then sold or leased them. For each home that qualifies the builder will receive a $2,000 per home tax credit to be applied in the taxable year that the homes sold/leased. The tax credit is currently available for homes sold/leased in 2016-2020.
1) Single-family dwellings and multi-family for sale, for lease/rent which are 3 stories or less above grade.
2) Units must be at least 50% above the 2006 International Energy Conservation Code (IECC).
3) Units completed & sold (close of escrow) or leased between January 1, 2016 and December 31, 2020.
4) Features verified by a Rater (45L eligible certifier). All CHEERS 45L Raters are certified to qualify homes for the 45L Tax Credit.