The ARRA extended the many consumer tax incentives originally introduced in the Energy Policy Act of 2005, allowing for Americans to easily afford energy efficient products and fixtures.
There are many energy incentives available to you today. We know that the thought of Green Building can be somewhat discouraging when you take into consideration the amount of product cost and installation. For this very reason we have provided a list of tax incentives, rebates,and abatements for your green building project to be as ecological and economically friendly as possible.
Federal Energy Incentives
The Federal Government has many tax credits available to consumers that decide to implement energy efficient practices and appliances in their home or business. A tax credit is typically more valuable than an equivalent tax deduction, for the simple fact that is reduces dollar for-dollar and not percentage. Listed below are some of the tax credit areas that are provided by the Federal government.
State Energy Incentives
The state of Texas has tax exemptions available in most instances on an individual basis. Most property tax exemptions involve solar, wind power, and eco-friendly construction systems.
Texas PACE Authority
Pace is an acronym for Property Assessed Clean Energy. A PACE project enables owners to finance 100% of their energy saving or water conserving improvements.
CLICK HERE for TX PACE Authority website
City of Houston Property Tax Incentives for Green Buildings (New Construction)
In September 2009, the City of Houston Tax Abatement Program was enacted (Ordinance No. 2009-858), establishing a partial tax abatement for U.S. Green Building Council Leadership in Energy and Environmental Design (LEED)-certified commercial buildings. Since its inception, the tax abatement has been renewed three times, most recently in 2018 (Ordinance No. 2018-391).
CLICK HERE for City of Houston LEED Incentive
Harris County Property Tax Incentives for Green Buildings (New Construction)
Since its inception, the tax abatement has been renewed, most recently in 2018.
CLICK HERE for Harris County Green Building Tax Abatement.
CenterPoint Electric Efficiency Programs for Commercial and Small Industrial Facilities
Energy management is simply good business! These programs provide incentives for implementing recommended projects or taking part in load curtailment activities when electric supplies are low. Incentives, which vary by program and measure type, are awarded based on verified peak electric demand reduction and/or energy savings upon completion of project(s).
CenterPoint Residential Energy Efficiency Programs for Builders, Developers & Contractors
These programs provide incentives for implementing energy efficient projects that result in peak demand reduction. Incentives, which vary by program and measure type, are awarded based on verified peak electric demand and energy reduction upon completion of project(s).
Green stormwater infrastructure incentives
After interviews with cities with GSI programs, external stakeholders, and city leadership, and analysis of costs and benefits, the following incentive programs are recommended:
- Integrated GSI Development Rules
- Property Tax Abatements
- Award and Recognition Program
- Increased Permitting Process Certainty and Speed
- See more at: http://www.houstontx.gov/igd/
"Incentifind - a national database of energy efficiency, water conservation, renewables, and many other incentives that promote green building in both residential and commercial sectors"
IncentiFind is the nation’s only database for green building incentives. Property owners or those serving them may search IncentiFind’s database for free by filling out a simple, online survey about their project.
Texas Solar Incentives: Tax Credits & Rebates Guide (2022)< /h5>
A reasonable source of incentives and other residential information.
See more at: https://housemethod.com/solar/texas-solar-incentives/