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Texas

Texas

Incentives/Policies for Energy Efficiency

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City of Friendswood - Commercial Green Building Tax Abatement   

Last DSIRE Review: 08/03/2012
Program Overview:
State: Texas
Incentive Type: Property Tax Incentive
Eligible Efficiency Technologies: Comprehensive Measures/Whole Building
Applicable Sectors: Commercial
Amount:Basic LEED Certified: 1%
LEED Silver: 2.5%
LEED Gold: 5.0%
LEED Platinum: 10.0%
Equipment Requirements:Must be a new facility or a modernization
Building must be registered with the USGBC and seeking LEED certification
Web Site: http://www.ci.friendswood.tx.us/index.cfm?fuseaction=content.faq&...
Authority 1:
Date Enacted:
Resolution No. R2011-11
05/02/2011
Summary:

The City of Friendswood offers a tax abatement for LEED-certified commercial buildings located within the city. Applicants must register their projects with the USGBC before submiting an application to the City. Tax abatement agreements must be approved by the City Council, and the agreement is effective for up to 10 years once the agreement as been approved. The actual tax abatement benefit will not begin until the building department issues a Certificate of Occupancy and the LEED certification is awarded.

In order to qualify, the applicant must invest at least $100,000 towards achieving LEED certification.  In addition, a minimum investment in the building is required and depends on the certification level:

  • Basic Certification: $10 million investment
  • Silver Ceritifcation: $4 million investment
  • Gold Certification: $2 million investment
  • Platinum Certification $1 million investment

The imputed LEED-related values for the different certification levels are as follows:

  • Basic LEED Certificatied: 1.0%
  • LEED Silver Certificatied: 2.5%
  • LEED Gold Certified: 5.0%
  • LEED Platinum Certified: 10%

The actual abatement value will be calculated based on the appraised value of the building after the LEED certification is obtained. Eligible property includes buildings, structures, fixed machinery and equipment, site improvements, and the office space and fix improvements necessary to facility operation and administration.


 
Contact:
  General Contact
The City of Friendswood
910 S. Friendswood Drive
Friendswood, TX 77546
Phone: (281) 996-3200
Web Site: http://www.ci.friendswood.tx.us/
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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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