Green Building Incentive Program

• Minimum of 1,000 square feet gross floor area
• Commercial building (including commercial multi-family)
• New building or substantial enlargement (defined by the City of Orlando)
• Eligible LEED Certification types include:
  • Commercial and high-rise multi-family (greater than six stories) buildings must achieve a minimum certification of LEED Building Design and Construction (BD+C) Silver, excluding LEED “Core and Shell,” which is not eligible
  • Low-rise and mid-rise multi-family (six stories or less) buildings must achieve a minimum certification of LEED Homes Silver
  • Substantial enlargement projects must achieve a minimum certification of LEED Building Design and Construction (BD+C) Silver, excluding LEED “Core and Shell,” which is not eligible.

Developments receiving other City of Orlando tax incentives are not eligible for this incentive program. 

This five-year pilot program provides a performance-based, one-time rebate incentive for participants who achieve LEED Silver or greater before receiving the tax increment rebate. For qualifying projects, we will provide the following tiers of incentive for one year in real property tax rebate on the city portion of the new tax increment generated by the project:

• Tier I - LEED Silver receives 50% tax increment rebate
• Tier II - LEED Gold receives 75% tax increment rebate
• Tier III - LEED Platinum receives 100% tax increment rebate

Note: If multiple structures are built on the property, the incentive will apply only to the incremental property appraised value of the LEED Silver+ certified structure.

Program Caps

• The program has a cap of $2,500,000 in tax rebates awarded during the five-year program
• No single project shall receive more than $250,000 from this program
• No agreements shall be approved after December 31, 2025
• No incentive payments shall be made after June 30, 2030

Buildings are the single-largest user of energy in Orlando and account for nearly 80% of Orlando’s total emissions. When we make buildings more energy efficient, owners and tenants can save money on utilities, lower operating costs and reduce pollution.

Who Benefits from Building Green?

• Developers
  It increases value; receive recognition of leadership; recoup your costs with GBIP
  On the first year of property taxes, an office building valued similarly to the Citrus Center would receive an incentive up to $250,000 for building and certifying LEED Gold.
  
  
• Tenants
  Lower operating costs; decreased water and energy consumption; increased occupancy rates
  
  
• Employees
  Health and productivity
  
  
• The Community
  Reduced greenhouse gas emissions; better mobility options; decreased pressure on natural resources and electrical grid