Energy Efficiency

Inflation Reduction Act Expands 45L Tax Credit for Energy Efficient Homes

On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA), which includes billions of dollars in investments to reduce carbon emissions and produce renewable energy. The IRA, most notably for the residential real estate development and homebuilding industries, extends and expands the Section 45L Tax Credit for Energy Efficient Homes.   Section…
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NJEDA Tax Credits Encourage Green Building and Energy Efficiency

Project financing gaps are one of the most significant deterrents to implementing green building and energy-efficiency measures. The New Jersey Economic Development Authority (NJEDA) developed tax credit programs that encourage developers to pursue green building certifications or increase energy efficiency. The recently created Aspire and Emerge programs help developers finance projects with green building certifications…
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New Jersey Electric Vehicle Ordinance: What You Need To Know

Confronting New Jersey’s greenhouse gas emissions, largely due to the transportation sector, has become a point of interest for Governor Phil Murphy’s administration in recent years. Electric vehicles (EVs) have concurrently become increasingly popular amongst the general public. However, “range anxiety” and a lack of public charging stations is detrimental to the growth of the…
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Pennsylvania Adopts 2018 IECC: How Residential Energy Code is Impacted 

The Pennsylvania (PA) Uniform Construction Code (UCC) Review and Advisory Council (RAC) has reviewed and adopted the 2018 International Energy Conservation Code (IECC). The 2018 IECC will take the place of the PA-amended version of the 2015 IECC. There is a six-month grace period during which projects in Pennsylvania can still comply with the PA-amended…
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Act Fast: December Deadline for Electric Vehicle Charging Station Incentives

New Jersey is breaking new ground on aggressive programs for electric vehicle (EV) use, establishing NJ as a leader in EV policy. Since over 40% of NJ’s greenhouse gas emissions are due to the transportation sector, programs to encourage the purchase of EVs and the creation of charging stations have become prevalent in New Jersey….
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Federal Tax Incentives for Homebuilders & Building Owners Extended in COVID Relief Bill

Amidst many economic stimulus measures in the recently enacted Consolidated Appropriations Act, 2021, are the following: Section 45L Tax Credit for Energy Efficient Homebuilders extended until the end of 2021 Section 179D Tax Deduction for Energy Efficient Buildings made permanent Section 45L This tax credit is for developers of new single-family homes, townhomes, and apartments…
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Casa Indiana Recognized With Multiple Green Building & Affordable Housing Awards

ReVireo is excited to announce that Casa Indiana, an affordable and supportive housing community in Philadelphia, PA, has been selected as the winner of the Green Building United Groundbreaker 2020 Awards, as well as a recipient of both the COTE (Committee on the Environment) Architectural Excellence Award from AIA Pennsylvania, and an SHN (Senior Housing…
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Strong Housing Market, Strong Demand for HERS Ratings

In the midst of an ongoing pandemic, you might think that potential buyers would hesitate to commit to a new home – but recent data is showing that the demand for high quality, energy-efficient homes is still going strong. Demand Still Growing National production builder Toll Brothers, a ReVireo client, recently reported its third-quarter results,…
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