Six buildings qualify for property tax reductions for certified green projects

January 6, 2014 at 4:31 pm | Posted in General | Leave a comment
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ImageAfter one and a half years since the city of Cluj-Napoca, RO adopted a financial incentive rewarding green building certifications the market for green solutions has ignited. The Romania Green Buildning Council has issued six certifications of conformity recommending to the municipality that six buildings receive the 75% property tax reduction based on their obtaining an “A” on the Energy Performance Certificate and an internationally recognized green building certification. The first round of buildings were certified either under the LEED or BREEAM rating tool schemes. The pipeline of green building projects in the city is large with many more certifications expected to follow.

Dorin Beu Ph.D., Director of the Romania GBC’s Transilvania branch, who visited the building sites noted important components implemented included locations with close proximity to public transportation, energy efficiency measures and “smart building” BMS technology, bike storage and enforcement of smoking-free zones within the buildings.

The property tax reduction is valid for both commercial and residential developments but primarily only the commercial building projects are seeking green certifications as the overall level of property tax legislation is already very low for residential versus commercial tax rates.

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