CORE ADVISORS | TAX STRATEGY · INTEGRITY · RESULTS

Section 45L Tax Credit

A per-dwelling-unit credit for energy-efficient new residential construction and substantial reconstruction.

  • Specialty tax and engineering since 2006
  • $2.5 billion+ in client savings
  • Typical value: Per-dwelling-unit credit

What it is

What is Section 45L Tax Credit?

A per-unit credit for energy-efficient new residential construction and substantial reconstruction, certified to the standard the code requires.

Do you qualify?

This is likely a fit when

Best fitDevelopers of energy-efficient residential units

  • You develop or build residential units. Single family, multifamily, or build-to-rent
  • The units meet the energy standard the credit requires
  • The units were completed in an open tax year

In their words

What clients say about working with CORE

“CORE does a fantastic job of walking clients through the benefits of cost segregation and how to leverage accelerated depreciation. The team at CORE is knowledgeable, quick and great to work with. Highly recommend!”
Catherine L. · Real Estate Investor
“We are continually looking for ways to add value to our customers and brokers beyond real estate insurance coverage. By providing access to our specialized strategic alliance, CORE Solutions Group, we provide our customer with the options to help free up cash flow and lower their total cost of risk.”
Dan Kleiman · VP of Zurich's Real Estate Practice · Zurich
“The engineering reports provided by CORE are some of the most detailed and comprehensive in the industry. I know our clients at UHY are getting the maximum cash benefit they deserve. I recommend Terry and his team to all my clients that own real estate and that can benefit from a cost segregation study.”
Tom Callan · CPA / Partner · UHY
“We hired CORE Advisors to conduct a cost segregation study on two of our short-term rental properties, and the experience exceeded expectations. They walked me through every step, made the process easy to understand, and required far less effort on my end than I anticipated. The results speak for themselves. Thanks to their work, I received a refund approaching six figures.”
Jason Rozenberg · Owner · 110 Lloyd, LLC
“The engineering reports provided by CORE Solutions Group are the best in the industry. I know my clients are getting the maximum cash benefit they deserve. I recommend Terry and his team to all my clients that own real estate and that can benefit from a cost segregation study.”
Frank Coppola · CPA · Coppola and Associates
“We are very well versed in cost segregation and we trust CORE Solutions Group to perform these studies every time we build or construct a hotel property. They have been able to save us millions of dollars in taxes and I would recommend them to any property owner/investor looking to improve cash flow.”
Jaz Patel · Ideal Hospitality
“We are a fast-growing commercial brokerage firm located in Birmingham, MI. We use CORE Solutions Group exclusively for our own properties as well as recommend them to all of our clients that have just purchased or will be renovating a building. Their knowledge on how to maximize federal incentives is unparalleled.”
Matt Farrell · CEO · CORE Partners
“We were extremely impressed with their knowledge, attention to detail and quality of work. I was even more pleased when we received a six figure check from the IRS. I am very confident in recommending CORE to other firms out there looking to improve cash flow.”
Cathy Michaluk · Complete Prototype Services
“Engineering-based cost segregation requires specialized investigation and service beyond the normal scope of services furnished by accounting firms. CORE provided that service to our company in an effective and professional manner. And it allowed us to realize substantial tax accounting values well beyond the cost of the service.”
J. D'Agostini · Quadrate Development, LLC
“We were very happy with the outcome of the R&D study, and as a result, we also engaged CORE to complete a cost segregation study. We could not be happier with the quality of the service that you provided as well as your responsiveness. I would highly recommend your company to other manufacturing businesses as well.”
Mark R. Tuscany · CPA, CFO · Summit Plastic Molding, Inc.
“This was my first time doing a cost seg study. I reached out to another company but decided to go with CORE Solutions because their staff was more efficient and responsive. They adhered to the schedule they made for me, they answered all my questions and explained everything so well.”
Brandy Fujii · Hope Impact, Inc.
“After meeting with Terry Judge and learning about their cost segregation services, we decided to hire them for our 320 Martin renovation project in Birmingham. We were pleased to find that the overall cash benefit exceeded the original upfront analysis.”
Sam Surnow · Surnow Company
“When our CORE Advisor told us we could get a refund check going back four years with zero obligation on our end, we immediately signed up. About 2 months later we received a very large refund check for being over billed.”
Tom Lee · Owner/Operator · Tom Lee Restaurant Group
“We were approached by a CORE Advisor back in 2013 about performing a cost segregation study on our properties. We were a little skeptical at first only because we had never heard of this tax strategy. CORE took their time and really explained the ins and outs. The benefits speak for themselves.”
Kris Powell · CEO · Benepro
“Core was very professional and timely in assisting our company with multiple cost segregation studies. Both during the study and afterwards we found their staff very accommodating. We also found their pricing to be quite competitive.”
Cliff Rogers · Owner · Creedmoor Holding Co LLC
“We’ve been able to maximize the value of each study performed, which has made a real difference across our portfolio. Just as important, the process itself has been smooth each time. We know what to expect, the team stays engaged throughout, and we’re confident the work is being done at a high level.”
Anthony Gill · Surnow Company
“I had a great experience working with CORE. Your team was patient and responded diligently to all my initial questions, before I committed to working with you. You offered the option to add-on an FF&E study to the cost segregation analysis as well, which other companies did not provide. The final cost segregation analysis and FF&E study together have provided me the opportunity for a substantially higher bonus depreciation option in Year 1 than I originally projected. I appreciated working with you on this, and will keep you in mind for future projects!”
Sabal Palm Properties LLC

Q&A

Questions, answered

The detail behind this service, one line each until you open it.

Who can claim the 45L credit?

Developers and builders of energy-efficient residential units, single family, multifamily, or build-to-rent, completed in an open tax year.

How is it calculated?

Per dwelling unit, so it scales with the size of the development.

What does certification involve?

Modeling and verification of the units against the applicable energy standard.

Anything I should know before starting?
  • The credit is per unit, so it scales with the size of the development.
  • Certification requires modeling and verification against the applicable standard.

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