45L Apartments energy star no prevailing wage

The investors were able to get their next project off the ground with their cash savings

Key Data Points:

  • 85 Unit Apartment Complex
  • Cost of Construction: $12,387,484
  • Opened: January 2024

Location:

  • Scottsdale, Arizona

Key Features:

  • Energy Star Compliance
  • Project did not meet prevailing wage and apprenticeship requirements

  • 71 Units received 45L Certificates
  • Credit received per unit = $500

Financial Impact:

  • 60 of the units were leased in 2024 which provided a credit of $30,000 on the 2024 tax return
  • 11 units were leased in 2025 which provided a credit of $5,500 on the 2025 tax return

WANT TO KNOW YOUR ESTIMATE OF BENEFIT?

Schedule a free consultation with a specialty tax expert. We’ll discuss your eligibility, your potential estimate of benefits and answer any questions you have.

Feedback & Reviews