Washington, DC (January 26, 2009)- Senator Maria Cantwell introduced the Clean Energy Stimulus and Investment Assurance Act of 2009 (S.320), legislation geared toward creating high-wage green-collar jobs and revitalizing the economy through clean energy investments. A section of the bill is dedicated to green roof tax incentives.
Introduced and referred to the Senate Finance Committee.
Section 506 of the bill gives a 30% tax credit for qualified green roof property expenditures on residential and commercial buildings. The language puts the cap at $5,000 on residential buildings and no cap for commercial buildings. The bill outlines specific language defining ‘qualified green roofs’ to mean any green roof at least 50 percent of which is a vegetated green roof system. The credit applies to any retrofit or new construction green roof.
Clean Energy Stimulus and Investment Assurance Act of 2009 (S.320)
Getting Into Greenroofs