Leadership in Energy and Environmental Design (LEED) is the gold standard for sustainable building design. LEED can be applied to all building types and phases, including new builds, neighborhood design, interior spaces, and core and shell construction projects. If your company is developing unique energy-efficient designs or creating novel LEED-certified solutions, the expenditures invested in research and development (R&D) can be offset by the R&D Tax Credit.
Employee wages, raw materials and supplies, and third-party contractor costs associated with research and development activities are considered qualified research expenses (QREs). Companies can receive refunds of up to 22% of total QREs through federal and state tax credits, depending on the state in which your company or firm operates.
Examples of qualifying activities:
- Designing a new home with green technology
- Evaluating building materials for optimal outcomes
- Drafting renovation plans to reduce the carbon impact of an existing building
- Creating novel, structure-specific solutions to improve indoor air quality
- Designing unique strategies for rainwater management and retention
- Performing geotechnical analysis and subsurface engineering
Do you have these job titles on your payroll, or do you hire third-party contractors to do these jobs?
- Computer-aided Design (CAD) Engineers
- Design Directors
- LEED-certified Architects
- Managing Principals
- Mechanical Engineers
- Project Managers
- Structural Engineers