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John J. Schultz Energy Consultant RESNET/HERS Certified Rater Stevens Point, Wisconsin SchultzEnergyConsulting.com

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Presentation on theme: "John J. Schultz Energy Consultant RESNET/HERS Certified Rater Stevens Point, Wisconsin SchultzEnergyConsulting.com"— Presentation transcript:

1 John J. Schultz Energy Consultant RESNET/HERS Certified Rater Stevens Point, Wisconsin SchultzEnergyConsulting.com

2 Energy Policy Act of 2005 IRC Section 45L Residential & Multi-Residential Buildings For New Construction and Retrofits

3 Qualifying Dates substantially completed 8/8/2005 to 12/31/2013 and leased or sold (placed in service) 1/1/2006 to 12/31/2013 *the 3-year tax return amendment window may reduce owners qualifying ability

4 Qualified Owners Individuals, Trusts, Partnerships, and Corporations Private, Non-Profits and Governmental Units are ineligible

5 Tax Credit Amount Provides for a Tax Credit of $2,000 per dwelling unit Apartment Building w/ 50 Units = $100,000 Credit

6 Dwelling Unit single unit providing complete independent living, including permanent provisions for living, sleeping, eating, cooking, and sanitation that is not more than three stories in height Dwellings Units can be Homes, Apartments, Assisted Living Facilities, Condominiums

7 Provisions Tax Credits reduce the income tax you pay (~triple the effect of a tax deduction) and may also lower the tax rate

8 Provisions 45L Tax Credit is all-or-nothing for energy efficient HVAC & Envelope

9 Provisions 45L Tax Credit of $2,000/Dwelling Unit must meet both (2) components

10 Energy Efficiency Components 1.Heating & Cooling energy usage 50% below baseline 2.Building Envelope accounts for at least 10% of the 50%

11 Comparable Baseline Buildings Placed in Service IECC IECC

12 Certification Requirements 1.T hird-Party Calculations 2.Energy Modeling 3.On-site Inspection/Testing 4. RESNET Certified

13 H ow to take the Credit Credits must be taken in the tax year the building was leased or sold Form Energy Efficient Home Credit 45L is a Section 38 General Business Credit 2010 Credits Not Subject to AMT

14 H ow to take the Credit 1-Year carry back 20-Year carry forward 3-Year amended return

15 Paper Reduction Act Nothing is submitted with your tax return Keep the certification and calcs on-file, if audited

16 What We Need Floor, Elevation & Section Plans Window & Door Schedules Mechanical Specs Inspect the Building

17 Things to Know Written Fee Proposal Reduces Building Basis No fee if no tax credit

18 Q&A Thanks for your time!


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