Expert Answers
Can a homeowners association take advantage of the Energy Efficient Home Improvement Credit?
The HOA cannot directly claim 25C because it must be claimed on an individual’s tax return. However, Treasury clearly states in a Q&A that 25C is available to tenant-stockholders in a cooperative housing corporation and condominium owners by passing through the individual’s proportionate share.
Energy Efficiency
Resident Engagement
I want to decarbonize my property. What does that mean?
Decarbonizing buildings is essential for reducing global carbon emissions and mitigating climate change. Building decarbonization involves reducing the greenhouse gas (GHG) emissions associated with the energy consumption required to operate a building.
Decarbonization
Decarbonizing a building sounds complicated. How do I start?
While there are challenges with any building retrofit project, decarbonization may seem overwhelming and paralyzing for some owners; however, there are some key steps that an owner can take to explore and implement building decarbonization solutions. 1) Get to know your building, 2) Establish the project performance goals and other objectives, 3) Reach out to innovative technical partners, 4) Figure out the financing, and 5) Share your lessons learned.
Decarbonization
Retrofit
As a building owner interested in electrification, what should I consider before starting the process?
It’s a great question, and I’ve organized my answer into three key action steps: 1) Identify funding and financing opportunities, 2) Consider the impact on tenants, and 3) Seek out technical experts.
Energy Efficiency
Retrofit