Historic Rehabilitation Tax Credit Explained
Historic Rehabilitation Tax Credits (HTC) are a valuable incentive for property owners and developers who restore and renovate historic buildings. These credits offer significant federal and state tax savings, encouraging the preservation of architectural heritage while revitalizing communities. Eligible projects can receive up to 20% of rehabilitation costs as tax credits. To qualify, properties must be listed on the National Register of Historic Places or located in a designated historic district. By leveraging HTCs, property owners can reduce their tax burden, making historic preservation projects more financially feasible and promoting sustainable development. Learn more about historic preservation tax credits today!
Success Stories
Our track record demonstrates the effectiveness of these strategies across various states utilizing solar incentives:
Understanding Historic REHABILITATION Tax Credits
Pathways to Tax Credits
There are three primary ways to acquire tax credits:
1. Generate Them Through Projects or Investments
2. Purchase Existing Credits
3. Tax Equity Structures
Implementation Process
- Connect with a consultant through our form to explore your options
- Review consultant recommendations with your CPA (we can recommend third party, experienced professionals if desired)
- Select the optimal strategy for your situation
- Close on the opportunity and start saving money