Residential

Residential Renewable Energy Tax Credit

Note: Section 13302 of The Inflation Reduction Act of 2022 (H.R. 5376) extended the expiration date and modified the phase down of this tax credit. It also made stand-alone energy storage systems eligible for the credit, and biomass heaters ineligible for the credit. Biomass heaters are now eligible for the residential energy efficiency tax credit. The summary below reflects the credit after the enactment of H.R. 5376.

A taxpayer may claim a credit for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. Expenditures

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Energy-Efficient Mortgages

Homeowners can take advantage of energy efficient mortgages (EEM) to either finance energy efficiency improvements to existing homes, including renewable energy technologies, or to increase their home buying power with the purchase of a new energy efficient home. The U.S. federal government supports these loans by insuring them through Federal Housing Authority (FHA) or Veterans Affairs (VA) programs. This allows borrowers who might otherwise be denied loans to pursue energy efficiency, and it secures lenders against loan default.

FHA Energy Efficient Mortgages
The FHA allows lenders to add up to 100% of energy efficiency improvements to an existing mortgage loan

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City of Atlanta - Incentivized Green Developments

The City of Atlanta offers developers expediting permitting and an additionally height bonus for meeting a variety of criteria. The criteria is divided two categories: Green Development and Plaza Areas.

  1. Green Development
    1. To qualify for the green development incentives, such development shall:
  • Be in excess of 100,000 square feet of floor area;
  • Utilize non-potable water sources for 100 percent of all outdoor water use;
  • Provide verification of an Analysis of the City Energy Code that demonstrates ten percent reduction of energy use, in comparison to the City Energy Code requirements;
  • Provide open space at least ten percent above open space
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City of Memphis - PILOT Program

The City of Memphis' Payment-in-lieu-of-taxes (PILOT) program offers longer tax abatement periods (15 years) for projects involving new construction or significant renovations that achieve LEED or Net Zero Certification. In order to qualify, projects must be located in Memphis Central Business Improvement District. Projects must meet three of the following criteria:

  • Project includes the redevelopment of a property certified as blighted by DMC staff
  • Project includes the adaptive reuse of an existing building
  • Project will Infill a vacant lot or surface parking lot in the Downtown Core (must be condition prior to
    acquisition)
  • Project includes the renovation of a contributing
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CIty of Jacksonville - Sustainable Building Certification Grant Program

Ordinance No. 2009-211 established the Sustainable Building Certification Grant Program to encourage the attainment of sustainable building certification.  A temporary source of funds shall be used to reimburse developers for the actual costs of specific steps of the sustainable building certification process. This includes fees for application and inspection, but excludes any construction costs necessary to achieve sustainable building certification. The program is administered by the Environmental Protection Board. Grants shall be limited to $1,000 per certification.

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CIty of Jacksonville - Green Building Expedited Plan Review

The City of Jacksonville offers expedited building plan review for projects achieving LEED certification. This program is available for new residential or commercial construction, residential or commercial retrofitting/remodeling and new City-owned buildings.

Owners or developers of sustainable building program projects may receive a refund of the actual costs of sustainable building certification pursuant to the Sustainable Building Certification Refund Grant Program administered through the Environmental Protection Board.

For more information, contact (904) 255-8310 or [email protected]

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City of San Antonio - Under 1 Roof

The City of San Antonio's Under 1 Roof program provides eligible homeowners with funding opportunities to assist in the replacement of worn and damaged shingles with new, energy-efficient white shingle roofs and solar underlayment. The program provides a one-time grant and the City of San Antonio will place a restrictive covenant on the property requiring homeowners to maintain ownership and occupancy for five years after project completion.

Homes larger than 1,700 sq. ft. are subject to approval based on cost assessment and needs of the home. Metal roofs, gravel roofs, clay tiles and wood shingles are subject to additional review

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