Implementing Sector | Local |
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Category | Financial Incentive |
State | Texas |
Incentive Type | Property Tax Incentive |
Web Site | http://www.houstontx.gov/igd/ |
Administrator | Economic Development Division of the City Finance Department |
Expiration Date | May 19, 2024 |
Cities | Houston |
Eligible Renewable/Other Technologies | Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Daylighting, Hydroelectric (Small) |
Eligible Efficiency Technologies | Comprehensive Measures/Whole Building |
Applicable Sectors | Commercial |
Incentive Amount | LEED Silver Level: 5% LEED Gold Level: 10% LEED Platinum Level: 15% |
Equipment Requirements | Must be LEED certified Must be new construction |
Note: These guidelines and criteria for tax abatement were readopted by the City Council on May 4th, 2022, and absent further extension they will expire on May 19, 2024.
In September 2009, the City of Houston Tax Abatement Program was enacted (Ordinance No. 2009-858), establishing a partial tax abatement for U.S. Green Building Council Leadership in Energy and Environmental Design (LEED)-certified commercial buildings. The tax abatement was extended most recently in 2022 under ordinance 2022-344.
Program eligibility
Value and Terms
A tax abatement shall be granted on the January 1st valuation date of the year that both construction has finished and a LEED certification has been obtained for the facility. This abatement will be for the percentage of the increase in the facility’s value over the base year value that corresponds to the following LEED certification levels:
Name | Article IV § 44-131 |
---|---|
Date Enacted | 09/16/2009 |
Expiration Date | 03/30/2018 |
Name | Ordinance No. 16-252 |
Date Enacted | 03/30/2016 |
Effective Date | 03/30/2016 |
Expiration Date | 03/30/2018 |
Name | Ordinance No. 20-1091 |
Name | Ordinance No. 22-344 |