The U.S. Environmental Protection Agency (EPA) has launched a series of six webinars over the next several weeks on the Energy Star program for single-family and multifamily new construction. This series may be helpful to any builder interested in the Energy Star designation, and Energy Star certification is now a key component to qualifying for the Section 45L tax credit for energy efficient homes.
The 45L tax credit is allowed to an eligible contractor who constructs a home, including multifamily rentals, that meets the energy savings requirements of the tax credit. The applicable amount of the credit is contingent on which set of energy saving requirements the home meets, and can be worth $500, $1,000, $2,500 or $5,000. For more information on the tax credit, see IRS Notice 2023-65.
Attendees of the 2024 International Builders’ Show who are registered for the education programs will also have an opportunity to learn more about the 45L tax credits at a session held on Feb. 29.