Green Building Tax Abatements


GREEN BUILDING TAX ABATEMENT NOTICE

The Governor’s Office of Energy is undertaking a thorough review of the Green Building Tax Abatement (GBTA) Program.  Applications submitted for abatements will be reviewed for consistency and compliance with the legislative intent of the GBTA Program. The Application for GBTAs is currently being revised to ensure continued fidelity to the intent and public policies that inform the GBTA program. The revised Application will be posted as soon as the review and revision are complete. [EFFECTIVE 4/4/2018]

    The Nevada Governor's Office of Energy (GOE) administers the green building tax abatement program based on criteria set forth in the LEED or Green Globes rating system and certification from the U.S. Green Building Council (USGBC) or the Green Building Initiative (GBI) Both LEED and Green Globes rating systems provide a complete framework for assessing building performance and meeting environmental sustainable goals. They use industry recognized standards for designing, operating and certifying green building projects. The program was instituted in 2007 as an incentive for business owners to improve the energy efficiency of new and existing buildings. 

    LEED or GG is designed to guide and distinguish high-performance commercial and institutional projects, including office building, high-rise residential buildings, government buildings, recreational facilities, manufacturing plants and laboratories.

    LEED or GG for Existing Buildings (EB) helps building owners measure operations, improvements and maintenance with a goal of maximizing operational efficiency while minimizing environmental impacts. 

    LEED or GG for Commercial Interiors (CI) is applied to tenant improvements and used for certifying high-performance green interiors.

      Program Requirements, Project Certification and Benefits

      Nevada provides a property tax abatement for new non-residential and multifamily residential green buildings, and existing buildings which are renovated to meet certain green building standards. There are four levels of certification that a building can receive Certified, Silver, Gold and Platinum. 

      To qualify for the tax abatement applicants must earn a minimum number of points for energy conservation to meet the Silver Level or higher through the LEED or GG rating system.  LEED and GG building rating systems are based on a set of standards for the environmentally sustainable design, construction and operation of the building. The abatement amount depends on the certification level achieved and the term is based upon the number of points awarded for energy conservation by the USGBC or GBI for a period up to 10 years.  Existing buildings are limited to 5 years and capped at $100,000 per year. 

      For full information of Terms of Tax Abatement (NAC701A.280) Click Here.

        Success of the Program

        There are currently 124 LEED buildings in Nevada that are receiving tax abatements from the GOE program. The buildings range from existing, new construction, and core and shell. These include a wide range of building types: hotel casino resorts, retail shopping centers, health care facilities, manufacturing and distribution centers and restaurants. Of the 124 LEED buildings in Nevada, currently 29 are Silver, 65 are Gold, and 30 are Platinum or equivalent. GOE also has 35 properties registered in the program that are in the process of obtaining certification.

          Statutes and Regulations

          The Green Building Tax Abatement program is authorized by NRS 701A.100-701A.110 and NAC 701A.010-701A.370.

            Rulemaking

            Supporting Documents
            Notice of Approval - LEED v4