(D09) Value Added: How LEED, Zero Energy Ready Homes, and ENERGY STAR can earn multifamily projects Federal Inflation Reduction Act incentives

Multifamily projects have new resources to help them go green! This session will explain how LEED multifamily projects can apply key Federal programs to obtain financial incentives from the Inflation Reduction Act (IRA). These programs apply to both market rate and affordable housing – and can be stacked with Low Income Housing Tax Credits. Practitioners will leave with tangible information and a (virtual) list of links and resources to apply these programs. First, USGBC will explain the IRA incentives available to multifamily projects including the amounts; the how and when of the financial benefit; the specific requirements; and where to find the fine print. Incentives will focus on the 45L tax credit for energy efficient new homes, which incorporates the Department of Energy (DOE) Zero Energy Ready Home ("ZERH") program and the ENERGY STAR Multifamily New Construction program, with up to $5,000 per unit depending on the program and other criteria. Information on wage rates and other details will be highlighted. The presenter will also provide an overview of other relevant incentives for multifamily such as those for energy retrofits, renewable energy, energy storage (batteries), and electric vehicle supply equipment. An expert from the Environmental Protection Agency (EPA) will then present details of the ENERGY STAR Multifamily New Construction certification including the what and how, and the sequence to obtain this certification. The EPA presenter will highlight the many resources available for this program and how to find program participants in your area. Then, an expert from the DOE will present details of the new ZERH program for multifamily projects. The presenter will explain the what but also the how and identify the essential steps and sequence in obtaining the certification. USGBC will then present information on how LEED multifamily projects achieve automatic points.