by Justin GephartJuly 12, 2021

Client Snapshot

Logo
  • Building Type

    Newly Constructed Apartment Complex

  • Location

    Grand Rapids, MI

  • Study

    45L

  • Project Objective

    Tax Credit Realization

[demandwell_links]

Approach & Results

The developer of a newly constructed apartment complex in Grand Rapids, MI contacted McGuire Sponsel to conduct a 45L study to identify energy-efficient inclusions.

After a preliminary analysis to determine the feasibility of qualification, in less than 6 weeks our team examined all 199 units and identified a number of systems that helped this project meet 45L standards, including:

  • Air conditioner is electric with a 13.0 SEER
  • Heating system has a 96.5 AFUE Rating
  • Window U-Value is 0.30
  • Exterior wall systems are R-21.0

 

As units are newly constructed ground up, energy-efficient inclusions on developments over 50 unites may qualify for a tax credit of up to $2,000 per unit through a 45L study. McGuire Sponsel professionals were able to qualify all 199 units in the maximum available credit, resulting in a total credit of $398,000 for the client.

  • $398,000

    45L Tax Credit

  • 199

    New Units

Tax Credits

45L Energy Efficient Tax Credit $398,000
Total Incentives $