IMPROVE YOUR NET OPERATING
INCOME
Via our Comprehensive Energy Savings Platform
LOOKING FOR INNOVATIVE WAYS TO PAY FOR ENERGY EFFICIENCY PROJECTS?
CORE offers a robust suite of niche energy incentives, credits (Section 45L and 179D) and energy saving solutions to increase your NET OPERATING INCOME with ZERO out of pocket cost. Both programs end on December 31st, 2026, so act fast!
179D Energy Incentive:
The Section 179D Energy Efficient Commercial Buildings Tax Deduction is a valuable incentive for real estate investors and developers aiming to enhance energy efficiency in commercial properties. Originally established in 2005 and made permanent in 2020, the deduction was significantly expanded by the Inflation Reduction Act (IRA) of 2022, effective for tax years beginning after December 31, 2022.
The IRA increased the maximum deduction to $5.65 per square foot for buildings placed in service in 2024, up from the previous cap of $1.88 per square foot. Building owners and designers of government buildings also qualify. This substantial increase offers greater financial incentives for energy-efficient projects.
45L Energy Tax Credits:
The Section 45L Energy Efficient Home Credit is a federal tax incentive designed to encourage the construction of energy-efficient residential properties. Established by the Energy Policy Act of 2005 and extended through the Inflation Reduction Act of 2022, this credit is available to eligible contractors who build or substantially reconstruct new homes that meet specific energy efficiency standards.
Credit Amounts (2023–2026)
For homes acquired between January 1, 2023, and December 31, 2026, the credit amounts are:
Single-Family Homes: $2,500 for homes certified under the ENERGY STAR Single Family New Homes (SFNH) program. $5,000 for homes certified under the ZERH
Manufactured Homes: $2,500 for homes certified under the ENERGY STAR Manufactured New Homes (MH) program. $5,000 for homes certified under the ZERH
Multifamily Homes: $500 per dwelling unit for homes certified under the ENERGY STAR Multifamily New Construction (MFNC) program. $1,000 per dwelling unit for homes certified under the ZERH program. $2,500 per dwelling unit for homes certified under the ENERGY STAR MFNC program, if prevailing wage requirements are met. $5,000 per dwelling unit for homes certified under the ZERH program, if prevailing wage requirements are met.
Note: Prevailing wage requirements refer to paying laborers and mechanics at rates not less than the prevailing rates for construction, alteration, or repair of a similar character in the locality where the facility is located.
Certification Requirements:
Homes must be certified under the applicable energy-saving programs:
ENERGY STAR Program: Homes must meet specific energy efficiency criteria set by the Environmental Protection Agency (EPA).Zero Energy Ready Home (ZERH) Program: Homes must meet rigorous energy efficiency standards set by the Department of Energy (DOE).
Certification involves third-party verification and documentation to ensure compliance with the program requirements.
Please schedule a 15 Minute Discovery Call so we can help determine which program is best suited for your project. We can then prepare a no cost benefit analysis that will pinpoint potential tax savings.
TAX
INCENTIVES
UTILITY
SAVINGS
LIGHTING
SOLAR
AUTOMATION / IOT
GAME PLAN
CORE and our Green Building Experts will design a custom energy savings plan based on your goals, budget, tax scenario, timelines, corporate and state mandates as well as your company culture.
Client Testimonials
Andy L
CFO OF ROCKTEK INDUSTRIAL
"We hired CORE for a cost segregation study on a recent purchase of a 200k sq foot Industrial facility. Not only did they save us over $850,000 in taxes but they also told us we qualify for an energy efficiency incentive called 179D, which provided an additional $1.80 per square feet. On 200.000 square feet, that added up to another $360,000 in tax savings for our company. CORE also shared two different strategies that cut our electricity bills down by 17%, THESE GUYS KNOCKED IT OUT OF THE PARK."
Michael F
Fairway Development
"CORE was able to help us take full advantage of the 45L Energy Tax Credit of $2,000 per unit. Our credits were over $400,000!"
Steve L
OMNI CAPITAL GROUP
"When we engaged CORE for a cost segregation study for our latest acquisition of 158 unit apartment building, we had no idea they could also provide several additional programs to improve our water and gas expenses. These additional savings improved our NOl which increases the value of this property. We will definitely be using the CORE Team for our next purchase this year."
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8887064646 (ext. 305)
2956 S Rochester Rd STE 184
Rochester Hills, MI 48307
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