Tax credits, abatement's and other Incentives for Green Building and LEED for Homes by State
Federal & State, Renewable Energy & Energy Efficiency Tax Credits @ Dsire
City of Cincinnati.
Incentives for Residential
Condominiums and one, two, or three unit residential structures.
New LEED construction of one, two, and three unit residential structures, including condominiums, are eligible for a 15-year 100% tax abatement valued up to $530,450.
For renovated LEED residential dwellings (condominiums, one, two, and three unit structures), there is a 10-year tax abatement on improvements up to a maximum $530,450 market value. Owners will pay tax on the land. The market value limit will increase by 3% compounded each year.
There is no maximum value limit for new and rehabilitated residential structures certified with the LEED Platinum.
Incentives for multi unit residential (4+ units)
Multi-unit residential abatement is up to 15 years for new construction and 12 years for renovation. It is a net 75% abatement after execution of the school board agreement. A minimum of $40,000 in costs is required. For LEED projects, there is no cap on the maximum market value eligible for abatement.
Qualifications:
* Within the city
* A $750 application fee is required
* Any certification level (Certified, Silver, Gold and Platinum)
* Do not have to demonstrate financial need to be approved for the tax abatement.
* An agreement must be executed with DCD before construction begins.
For more information go to the following links
Residential Incentives City of Cincinnati.gov
Multi-unit Incentives City of Cincinnati.gov
Other LEED incentives
Wilmington, OH:
On July 16, 2009, the Wilmington City Council adopted an ordinance establishing a Green Enterprise Zone comprising all the land within the municipal boundaries of the City of Wilmington. Residential and commercial projects within in the Zone seeking LEED Certification are eligible for a 75% reduction in building and permitting fees and existing residential and commercial properties undertaking other green retrofits may be eligible for a 50% reduction in building and permitting fees.
Lakewood, OH:
On April 7, 2003, Lakewood City Council adopted Resolution #7746-03, requiring the construction and operation of city facilities and city-funded projects to incorporate LEED to the greatest extent practicable. The resolution also encourages the use of LEED in private sector development.
Shaker Heights, OH:
On May 27, 2003, the Shaker Heights City Council adopted Resolution 03-70, encouraging both municipal and private construction projects to following LEED for New Construction guidelines.
Contact: Kamla Lewis, Director, Neighborhood Revitalization Department; (216) 491-1374; kamla.lewis@shakeronline.com