The 45L Tax Credit allow owners and developers of single and multi-unit residential properties to claim tax credits for newly constructed or renovated properties. Certified properties qualify for $500 to $5,000 in tax credit per living unit.

Asset Environments can assess and qualify projects nationwide. Properties qualify for a higher value tax credit if the property was constructed using documented prevailing wage rates. 

FAQ's About the 45L Tax Credit

​How much is the 45L Tax Credit?

​Certified properties qualify for $500 to $5,000 in tax credit per living unit.

What type of properties qualify?

​Different types of properties may qualify, such as single-family homes, multifamily apartments, and senior living facilities.

WHAT KIND OF multifamily property QUALIFIES

As of January 1, 2023, both low-rise and high-rise multifamily properties are eligible for the 45L Tax Credit.

​How do properties qualify for 45L Tax Credit?

​Your building must be designed to meet specific ENERGY STAR certification requirements. This can be accomplished with energy-efficient lighting, windows, insulation, HVAC equipment or other energy efficient technologies.

​When can I collect 45L Tax Credits?

The tax credit can be claimed in the year the property was initially occupied or sold. 

The tax credit can be carried forward up to 20 years if not usable in the year claimed.

Who can help me get a 45L Tax Credit?

​A unit must receive certification from an independent, licensed professional that it meets the required energy efficiency standards. Asset Environments is able to perform this certification.

CAN I RETROACTIVELY APPLY FOR THE 45L TAX CREDIT?

You can retroactively apply for the 45L Tax Credit up to three years after the units are occupied.

Credit amount, tax regulations, and qualification process differ if unit occupancy occurred before 12/31/22.