45L Tax Credit for New Energy Efficient Homes

The 45L tax credit is a great way to save money on energy bills and make your home more energy efficient. If you are considering buying a new home, you should definitely look into this tax credit. Here are some things you should know about the 45L tax credit:

1. What is the 45L tax credit?

The 45L tax credit is an IRS Tax credit for home builders of single-family and multifamily complexes. To be eligible for the credit, the home must be certified as meeting specific energy efficiency criteria.

2. How much is the 45L tax credit?

Effective on January 1, 2023, the following changes will be made to the tax credit:

    • The tax credit amount will be increased according to the following criteria:
      • $2,500 per home, if the home meets the eligibility standards of the EPA’s ENERGY STAR Single Family New Homes Program.
    • Homes that are certified to meet the DOE’s Zero Energy Ready Home program will qualify for a $5,000 tax credit. DOE’s Zero Energy Ready Homes program requirements are posted at Zero Energy Ready Homes Requirements

3. What are the eligibility requirements for the 45L tax credit?

Homes must meet the standards of the EPA’s ENERGY STAR Single Family New Homes Program.

4. Are there any other restrictions on the 45L tax credit?

Yes, there are a few other restrictions on the 45L tax credit. For example, you can only claim the credit if you do not already have another energy-efficient home that qualifies for the credit. Read more>>

5. How long does the 45L tax credit last?

It will take effect January 1, 2023, and last for ten years with a new expiration date of December 31, 2032.

45L is a federal tax credit for energy-efficient new homes

The 45 L New Energy Efficient Home tax credits are available to homeowners and developers of new residential and commercial building construction requiring 45 L of electricity. In many states, most new homes are eligible to receive the credits.

45L tax credit basics

This federal tax incentives program promotes energy efficiency in residential buildings. These credits are available for developers and homeowners who build houses to be sold or leased. According to the current Texas code, the $2,000 credit is based on a resident’s building project.

45L tax credit for energy-efficient homes

Earn a 45-hour certificate. The Energy Savings Program approved by the Department of Energy is assessed automatically by Micropas 45L Software.

Provide added value to your builder clients

Typically, new Texas homes have 45-L credits worth a total of $2,000. Energy consultants provide documentation for claim credit for a building project.

Count on DOE-approved software

You can easily claim the credit by providing 45-liter documentation with USDA-approved micropas.

Automatically create 45L docs from your project’s Title 24 information

CF-1 and CF-3R information uploaded to your company will be processed into 45-L documents.

Energy Efficiency Requirements for the 45l credit

The building must meet the prescriptive requirements for insulation R-value and U-factor. The HERS index score or a similar metric approved by the Department of Energy must be equal to or less than the specified target score.

Contact us to see if your project qualifies.

You can reach out to us to see if your new home construction project meets the requirements for the 45l tax credit. We will need some basic information about your project in order to determine eligibility.

Was the 45L credit extended?

The credit can be claimed from 2032 until 2020. You can still claim Section 45 L Tax Credit through 2022 and in previous years by making changes to an Open Year Tax Return, usually one year in advance.

Is there an energy tax credit for 2022?

In 2022, the credit will be reinstated, and the old rules will continue. Starting in 2022, the credit will equal 30% of the cost for eligible house improvements completed in the year.

Scroll to Top