Ohio Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 04/30/2012
Program Overview:
| State: |
Ohio |
| Incentive Type: |
Property Tax Incentive |
| Eligible Efficiency Technologies: |
Comprehensive Measures/Whole Building |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps, Daylighting |
| Applicable Sectors: |
Residential, Construction, Multi-Family Residential, Low-Income Residential |
| Amount: | 100% for 10-15 years |
| Equipment Requirements: | Buildings must achieve Cleveland's Green Building Standard |
| Start Date: | 01/01/2010 |
| Web Site: |
http://www.city.cleveland.oh.us/portal/page/portal/CityofClevelan...
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Summary:
The City of Cleveland, in cooperation with the Cuyahoga County Auditor's Office, provides a 100% tax abatement for residential properties built to the Cleveland Green Building Standard. Tax abatements are available to both homeowners and developers. The abatement is for 10-15 years depending on the type of project and is for the portion of the increased property tax that results because of the improvement to the property. The following types of projects may qualify:
- New construction of single-family homes or multifamily investor-owned properties: 15 years
- Conversion of nonresidential buildings to residential units with 1 or 2 units: 10 years
- Conversion of nonresidential buildings to residential units with 3 or more units: 12 years
- Rehabilitation of existing 1 and 2-family homes which increases the market value: 10 years
- Rehabilitation of multifamily (3 or more units) structures costing over $15,000 per unit or $500,000 total: 12 years
- Improvements costing over $2,500 of 1 or 20 family homes that increase the assessed value of the property: 10 years
Cleveland's Green Building Standard is based on the "Enterprise Green Communities Initiative" and requires that projects meet all mandatory requirements of the Initiative's standards plus 30 points (with one exception, the Environmental Assessment mandatory requirement under Enterprise Green Communities is not required by Cleveland's Green Building Standard for single-family up to 4-unit residential rehab project).
The City of Cleveland also accepts the LEED Silver as well as the National Association of Home Builders "National Model Green Home Building Guidelines" as equivalents and acceptable substitutes. See the Cleveland Green Building Standard Handbook for more information. Effective at a date to be determined after July 1, 2011, the Cleveland Green Building Standard will transition to the 2011 Enterprise Green Communities Criteria.
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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