Market Incentives for Certification
Incentives are third-party offerings, tax-related deductions, or abatements that your project may be eligible for, or align with, as a result of achieving Green Globes certification. Pursuit of some incentives may require adding a Green Globes Protocol to your assessment.
Multifamily Incentives
GBI’s Green Globes Multifamily for New Construction and Existing Buildings Protocols provide certification options that meet the needs of owners and project teams with multifamily projects pursuing financial incentives offered by both Fannie Mae and Freddie Mac.
Fannie Mae Preferential Pricing for Green Building Certified Properties
Fannie Mae’s program offers preferential pricing on loans secured by a multifamily property with Green Globes certification using the Green Globes Multifamily Protocols.
Freddie Mac Green Advantage
Freddie Mac’s program also offers discounted loan pricing for multifamily properties with Green Globes certification using the Green Globes Multifamily Protocols.
Tax Incentives
GBI and Leyton offer dual-assessment for Green Globes whole building certification and IRA-funded tax incentives. The 179D Energy Efficient Commercial Building Tax Deduction is available to commercial projects that meet energy efficiency requirements and 45L Energy Efficient Home Tax Credit is available to eligible multifamily projects.
Building owners and designers may simultaneously pursue Green Globes certification and financial incentives, directly supporting GBI’s vision to increase accessibility of sustainable, healthy, and resilient buildings for all. The two organizations are streamlining the process, support structure, and documentation required for their dual-path approach. In addition, the Leyton performed energy model may be used to achieve Green Globes Energy Performance credit.
PACE Financing
GBI has partnered with PACE Loan Group and Forbright Bank to make Green Globes building certification even more accessible. Building or portfolio managers may elect to finance their Green Globes certification through a C-PACE loan, which can be included with financing for other projects and can also be applied retroactively on projects completed within the past 3 years.
GBI has partnered with PACE Equity to provide funding for new construction or major renovation demonstrating energy efficiency and carbon emissions reduction. PACE Equity offers the CIRRUS financing program that includes a lower financing rate when you plan for a Two Green Globes certified building or meet the ‘Recognized’ status in the Journey to Net Zero program (cost of certification included in financing). Once design has begun, project teams may work with the CIRRUS Low Carbon Team to ensure eligibility for the lowest C-PACE financing rates.