Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
New York provides tax credits worth up to $3 per square foot for commercial buildings achieving LEED Gold or Platinum certification or equivalent green building standards, including energy-efficient HVAC, lighting, and building envelope upgrades.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Commercial building must achieve LEED Gold, Platinum, or equivalent
2.Located in New York State
3.Tax credit applied against NY corporate franchise or income tax
4.Buildings must meet specific energy reduction thresholds
5.Credits claimed over a multi-year period
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).