Why you should not overlook the 45L tax credit if you are planning to build a house
The 45L Tax Credit is a little-known tax little-known provides a significant source of capital for buildings, both for owner-occupied and rental units. It applies to residential housing, including apartments, condominiums single-family homes, student units or townhouses and it translates in up to $2000 in tax credit per unit, aiming to help increase the construction […]
Benefits of the 45L Tax Credit
The 45L tax credit has been available to eligible contractors since 2006. However, this energy-efficient incentive is still under-publicized and thus under-utilized among affordable housing developers, contractors, investors, and builders. The credit can deliver some significant benefits, including an increase in housing equity, a cost-offset for the purchase of energy-efficient building materials and an increased marketability […]
Key Factors That Meet The Energy Efficient Home Requirements
The use of the new tax credit 45L has seen a surge, as the world wakes up to the needs of the environment. People have also began to realize the benefits of green construction and green homes. Just how do you get your hands on the $2,000 Tax Credit under section 45L? This is a […]
What are the Benefits of using 45L?
The use of section 45L has often been made rather sparingly. This is largely down to the lack of information available to people about the tax credits that are available for home builders. Section 45L is a tax incentive given by the federal government to builders of energy-efficient homes. This provision promotes green construction and […]
