What is the 45L tax credit?
The 45L tax credit is an energy-efficient tax credit for residential properties. The tax credit is $2,000 per dwelling/per unit and can be claimed by the builder/developer(s) of an energy-efficient home.
Department of Energy approved software
CHEERS uses Micropas, a Department of Energy (DOE) approved software to create 45L certificates. Micropas has been used by builders throughout the country since the inception of the 45L tax credit in 2006.
Does the tax credit apply on multi-family projects?
Yes! The $2,000 tax credit applies to most multi-family dwellings (apartments, condos and townhomes) if they are 3 stories above grade or less.