John Schultz has launched Schultz Energy Consulting, LLC, to help homeowners, developers and other entities take advantage of tax credits for meeting federal heating and cooling energy consumption requirements.
Schultz Energy Consulting conducts assessments to determine if building owners are eligible for tax benefits under the Energy Efficient Home Credit program (known as Section 45L), which was established through the Energy Policy Act of 2005.
According to Schultz, individual home owners, apartment complex owners, developers and contractors, as well as partnerships, corporations and trusts, can qualify under the 45L program for a $2,000 tax credit per unit for using energy efficient construction measures.
Eligible buildings must have had construction substantially completed after Aug. 8, 2005, and before Dec. 31, 2011. Construction includes renovations and rehabilitation.
“Most recently built homes and multi-unit residences already exceed the standards and qualify for these tax benefits,” Schultz says.
Schultz adds that eligible buildings must meet heating and cooling energy consumption requirements of Section 45L(c) and be certified in accordance with guidance from the Internal Revenue Service.
“Typical buildings that qualify for the tax credit include traditional homes, apartment complexes, condominiums and assisted living facilities,” Schultz says.
Schultz is a Residential Energy Services Network (RESNET) certified Home Energy Raters (HERS) rater. He is a longtime resident of Stevens Point and was previously employed in the commercial real estate and financial services industries.
More information is available by contacting Schultz Energy Consulting at (715) 340-2970 or at www.schultzenergyconsulting.com.