The City of Friendswood offers a tax abatement for U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED)-certified commercial buildings located within the city. Applicants must register their projects with the USGBC before submitting 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 has 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:
The imputed LEED-related values for the different certification levels are as follows:
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.
Harris County and the City of Houston offers a similar tax abatement incentive.
| Implementing Sector: | Local |
| Category: | Financial Incentive |
| State: | Texas |
| Incentive Type: | Property Tax Incentive |
| Web Site: | https://openei.org/wiki/City_of_Friendswood_-_Commercial_Green_Building_Tax_Abatement |
| Administrator: | City of Friendswood |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: |
Basic LEED Certified: 1% LEED Silver: 2.5% LEED Gold: 5.0% LEED Platinum: 10.0% |
| Maximum Incentive: | 10% of cost |
| Eligible System Size: | N/A |
| Equipment Requirements: |
Must be a new facility or a modernization Building must be registered with the USGBC and seeking LEED certification |
| Technologies: | Comprehensive Measures/Whole Building |
| Sectors: | Commercial |
| Parameters: | The incentive has a maximum of 1.00 %, The incentive has a minimum of 10.00 % of cost |
| Name: | Resolution No. R2011-11 |
| Date Enacted: | 05/02/2011 |
| Name: | General Contact |
| Address: |
910 S. Friendswood Drive Friendswood TX 77546 |
| Phone: | (281) 996-3200 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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