Thinking about bringing your housing development project to top rated energy efficient standards? Well contemplate no longer. CHEERS or ConSol Home Energy Efficiency Rating Services is continuing to allow for developers to get rewarded through Energy Efficient New Home Tax Credits for these top quality energy efficient housing projects.
The 45L Federal Tax Credit program has been around for quite some time now, and we want to spread the word of its continued outstanding benefits. This opportunity may give selected developers the chance to earn Federal Tax Credits of up to $2,000 per unit! If your project was completed between January 1, 2011 and December 31, 2013- consider yourself eligible. Recently, a bill has been introduced to hopefully extend the tax credit for 2014 & 2015. Relevant projects should also consider added HERS inspections and testing for prior years and plan for current projects.
New home upgrades for increased efficiency always come at a cost, yet performance is more than just a product. Through this program, added testing is conducted by a HERS rater to verify building performance. “In this way a tenant or homeowner can realize the benefits to their pocket book and not just the good feeling of helping the environment. It’s an investment that remains after the developer moves on and continues to keep people talking about why they love their home” Said Architect, Sam Kingore.
Mogavero Notestine Associates has been involved in multiple energy efficient projects over the recent years. Such projects include our 7th & H mixed-use residential housing for special needs along with our Colonia San Martin very low income multifamily residential project; both exceeding Title 24 requirements by more than 20%.
To find out more information on these Energy Efficient New Home Tax Credits and CHEERS please check out the link below.
