New ENERGY STAR Multifamily Online On-Demand Course with Latest EPA Information
The Inflation Reduction Act includes substantial tax incentives for ENERGY STAR certified buildings inspected and certified by highly trained HERS* raters.
How lucrative are the tax incentives for buildings that qualify for ENERGY STAR certification? The tax incentives are in tiers that pay considerably more if the workers on the building project are paid prevailing wage. In fact, if you were to build the most efficient apartment complex that meets the DOE Zero Energy Ready Home (DOE ZERH) program and also pay your workers the prevailing wage you would get $5,000 per apartment unit in tax incentives. A 20 unit apartment complex that met the DOE ZERH requirements and built using prevailing wage workers would get a $100,000 tax incentive! (20 X $5,000 = $100,000) A handy chart listing the building types and tax incentive amounts is attached along with information explaining this chart2.
Note that in order to get a building certified as ENERGY STAR and to obtain the appropriate tax incentive you need to enlist the help of a certified home energy rater, not an energy auditor. There is some confusion as to the difference between an energy auditor and an energy rater so here is an article3 that can help clear this up.
*HERS - Home Energy Rating Systems
*RESNET - Residential Energy Services Network
Ken Riead
EnergySmart Institute
+1 816-224-5550
contact@energysmartinstitute.com
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1 https://energysmartinstitute.com
2 https://energysmartinstitute.com/45l-ira-home-apts-tax-credits/
3 https://energysmartinstitute.com/faqs/difference-between-rater-auditor/