Section 45L incentivizes homebuilders and multifamily developers to reduce energy consumption with a per dwelling unit tax credit.  Key credit details include: ‍ • New homes certified under the ENERGY STAR programs will be eligible for a $2,500 credit • The credit is increased to $5,000 for dwelling units certified under the Zero Energy Ready Homes Program (ZER). • For Multifamily units, the base qualification decreased to $500, while ZER multifamily units are $1,000 each. • Multifamily units meeting prevailing wage requirements will receive an increased $2,500 credit for base qualification and $5,000 for ZER. • Initially, low-rise residential developments were the only ones eligible for this credit, but it is now extended to homebuilders and single-family or multifamily developers.  The base qualification requirements for these developers are that they must meet both national and local energy-saving requirements. Meeting these performance levels can be accomplished cost-effectively through proper early design with SIPs, because SIPs meet and exceed building code thermal envelope requirements and eliminate additional continuous insulation needs on the building exterior (meeting the 2021 and 2018 IECC building codes). The 45L tax credit is a great opportunity to reduce project costs, increase your cash flow, reduce maintenance costs, and enhance your ROI.  Continue reading to learn how SIPs can help meet the above-detailed requirements. Visit the IRS updated Form 8908 for new requirements and qualifications. On September 27, 2023, the Internal Revenue Service (IRS) issued Notice 2023-65, which contained guidance for taxpayers on the § 45L credit as amended by IRA. The Notice establishes that to be eligible for the higher tier credit, a home or apartment must be certified under the applicable ZERH program requirements as defined on the DOE ZERH Program Requirements webpage. DOE has updated the ZERH Program Requirements webpage and the Section 45L Tax Credits for Zero Energy Ready Homes webpage in coordination with the release of the IRS Notice and guidance. Stakeholders can use these materials to determine which version of ZERH program requirements will apply to their project for 45L eligibility. Individuals or entities seeking to claim the 45L tax credit should consult with a tax professional to determine whether and how they can claim the credit and determine whether the credit can be used with other tax incentives or Federal incentives.