Green Building Design Provides Tax Incentives for Contractors

Congress has passed legislation to encourage property owners to build energy efficient real estate properties to promote reduction in energy consumption. The Emergency Economic Stabilization Act of 2008 extends these benefits through December 31, 2013, which means the deduction can be claimed for buildings placed in service from January 1, 2006 through December 31, 2013. The benefits are up to $1.80 per square foot tax deduction for commercial property owners, architects, contractors, residential homeowners and site home builders.

Click here to read about tax incentives for green building design.