The American Taxpayer Relief Act of 2012 did much more than help America avoid the “fiscal cliff,” it also offered savvy taxpayers ways to minimize their tax bills. One way is the extension of the §45L tax credits for energy efficient residential buildings. These credits make it possible for those who construct or renovate apartment buildings or other buildings that qualify under 27.5 year depreciable life to claim a $2,000 per unit tax credit. The units must achieve specified energy efficiencies in order to claim the credit. For example, A 100 unit apartment complex or 100 room assisted living facility may be eligible to obtain a $200,000 tax credit.
MS Consultants has helped clients save hundreds of thousands of dollars through §45L, and we’re experts at evaluating, modeling, and certifying properties for the credits. If you’d like to learn more about how you or your clients may be able to save thousands of dollars, contact MS Consultants today.