How Real Estate and Construction Companies Can Take Advantage of the Expanded Section 45L Tax Credit

The Inflation Reduction Act (IRA) drastically changed the 45L Energy Efficient Home Credit (Section 45L) and the Section 179D Energy Efficient Commercial Buildings Deduction (Section 179D) quantities and requirements, thus allowing more opportunities for home builders and multi-family developers constructing energy-efficient homes to earn money back. As a result of the major changes in the Section 45L tax credit, there are new qualifications that businesses must meet to benefit from the energy tax opportunities.

In this episode of the Real Estate and Construction Podcast, Mark Cooter, Real Estate, Construction & Hospitality Industry Practice Leader, and Ron Wainwright, Energy Tax Credits & Incentives Leader, discuss how the real estate and construction industry can best utilize the Section 45L tax credit.

This conversation includes:

  • Background on Section 45L
  • Advantages from Section 45L for real estate and construction companies
  • Requirements to qualify
  • Examples of successfully utilizing Section 45L

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Ronald Wainwright, Jr.

Tax Services

Partner, Cherry Bekaert Advisory LLC

Mark H. Cooter

Real Estate, Construction & Hospitality Industry Leader

Partner, Cherry Bekaert Advisory LLC

Past Episodes

Podcast

September 9, 2024

33:47

Speakers: Brooks E. Nelson, Sarah McGregor, Glenn LeMieux

Learn how Section 179D and cost segregation studies help maximize tax savings by accelerating depreciation on energy-efficient assets and upgrades.