Inflation Reduction Act Expands 45L Tax Credit for Energy Efficient Homes
August 29, 2022
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
May 5, 2022
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
March 9, 2022
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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