Green Building, Greater Savings: Introducing the 179D and 45L Program

Eco-Conscious Projects
Enhanced Savings.

Discover the dual benefits of sustainable construction and tax savings. Section 179D and 45L rewards energy-efficient renovations and buildings. Let us guide you through the process of tapping into these valuable tax incentives.

What is Section 179D?

Section 179D offers lucrative tax deductions for businesses investing in energy-efficient improvements in commercial buildings. Whether you're renovating your existing structure or constructing a new one, there's a potential to claim up to $5.00 per square foot. And with TaxTaker by your side, every step is simplified.

What Type of Buildings Qualify?

Buildings 50,000 ft² and bigger

Industrial, Office, & Big Box Retail

Hotels

Parking Garages

Schools

Churches

Hospitals

Multi-Family Homes

What Building Improvements are Eligible under 179D?

Building Envelope: Enhancements to insulation, roofing, windows, and doors.

Interior Lighting: Integrating energy-saving fixtures and innovative daylighting.

HVAC Systems: Opting for high-efficiency heating, ventilation, and cooling systems.

Solar Integration: Harnessing solar power with cutting-edge technologies.

Why Choose TaxTaker for 179D Program?

Expertise: Decades of experience in navigating tax credits and incentives, ensuring you claim the maximum.

Customized Approach: Personalized strategies that align with your project's goals and maximize deductions.

End-to-End Assistance: From initial consultation to filing, we've got your back.

Trusted by Accountants and CFOs across the country.

What is Section 45L?

The 45L Tax Credit is a potent Federal incentive, initially offering $2,000 for each qualifying dwelling unit, designed to reward the construction of energy-efficient homes and units. This substantial credit benefits multifamily developers, investors, and home builders for units sold or leased post-December 31, 2005.

What’s New?

The Inflation Reduction Act brings forth promising enhancements:

Tax Credit Increase: Enjoy up to $5,000 credit per dwelling unit for both single-family and multifamily developments.

Expanded Eligibility: All residential projects, including mid and high-rise, are now eligible,transcending the previous limitation to low-rise constructions.

Aligned Energy Standards: Updated energy efficiency criteria now resonate with the Department of Energy's Energy Star and Zero Energy Ready Homes standards.

Ideal Candidates

The Ideal candidates for Section 45L are:

Apartment buildings

Residential condominiums

Single-family home developments: with 20 or more units stand as ideal candidates.

Ready to Go Green and Save Green?

If you’re curious to see if you’re eligible, our team is standing by!