Builders in Hilton Head Island and Savannah, Don't Miss Out on the Enhanced 45L Tax Credit for Energy Efficient Homes
Enhanced 45L Tax Credit for Builders
A Win-Win for Builders in Hilton Head Island and Savannah Looking to Save and Build Energy Efficient Homes
Attention builders! Are you looking to save on taxes and build energy efficient homes? If so, the Enhanced 45L Tax Credit is here to help.
Building a single-family home is no small feat, and it's important for builders to take advantage of all the resources available to make their homes as energy efficient as possible. One way to do this is by selecting the best insulation option - and in the Lowcountry and Coastal Empire, there's no better choice than Atlantic Spray Foam.
Atlantic Spray Foam has decades of experience installing insulation in commercial and residential settings across the region, particularly around Hilton Head Island and Savannah. But that's not all they can provide - they can also help builders like you save on taxes with a new enhanced 45L tax credit. This particular tax credit could potentially save you up to $5000 on your next new construction project!
Here's what you need to know:
If you build a single family home that meets Energy Star 3.1.11 standards, you could be eligible for a tax credit of $2500.
If you build a single family home that meets DOE Zero Energy Ready Home (ZERH) 1.7 standards, you could be eligible for a tax credit of $5000.
In order to qualify for this tax credit, your home must meet at least the 2012 International Energy Conservation Code (IECC). However, if your state or municipality has adopted higher energy efficiency standards, those standards take precedence.
To qualify for the tax credit, you must sign an Energy Star Partnership Agreement.
All states will be required to meet Energy Star 3.1.11 standards starting on January 1st, 2023.
This is a great opportunity for builders to not only save on taxes, but also to build homes that are more energy efficient and cost-effective for their clients. So if you're looking to take advantage of this Enhanced 45L Tax Credit, be sure to start building homes that meet these energy efficiency standards starting on January 1st, 2023.
If you are a home owner in Bluffton, Savannah, or Beaufort areas and searching for ways to save money on energy efficient home improvements - don't worry! There is a new Lowcountry Tax Credit available to help. Get up to $1,200 savings on your home improvement projects in 2023.
Trust Atlantic Spray Foam for Your Next Home Build!
Our experienced team is here to provide assistance in ensuring your home meets all regulations for the 45L tax credit and other energy-saving initiatives. We have years of experience with local building codes, regulations and laws from Hilton Head Island, Savannah to most parts of the Lowcountry & Coastal Empire. Let us help you make sure that you can take advantage of this beneficial offer!
So remember, if you're planning on building a single family home this year near Hilton Head Island or Savannah, don't forget about Atlantic Spray Foam when considering spray foam insulation options! We are here ready to help you maximize energy efficiency without sacrificing budget - plus help to get you access to valuable tax credits like the enhanced 45L one that could save you thousands of dollars!
Get in touch today so we can start helping make sure your next project meets all necessary requirements!
