NMHC PUBLISHES GUIDANCE ON NEW ENERGY TAX CREDITS

Thursday, November 6, 2008 - 7:00am

The National Multi Housing Council announced that it has produced new guidance providing more information on legislation passed last month that extended several tax incentives for renewable energy. The guidance specifically addresses the $1.80 per square foot tax deduction for energy-efficient commercial buildings, a 30 percent investment tax credit for solar energy and qualified fuel cell property and a $2,000 per unit residential energy-efficiency tax credit that may apply to some low-rise properties.