ADU Financing
In California, there are several potential government benefits that homeowners may be able to take advantage of when financing an accessory dwelling unit (ADU) project. These benefits may include deductions or credits on your federal or state income taxes. Some examples of potential tax benefits for ADUs in California include:
- The IRS allows homeowners to claim a tax credit for certain energy-efficient improvements, including those made to an ADU. This credit is equal to a certain percentage of the cost of the improvements, and it is available for improvements made in the current tax year or in a prior tax year.
- California offers a state income tax credit for certain energy-efficient improvements to existing homes, including ADUs. In some cases, the interest on a loan used to finance an ADU project may be tax-deductible.
- California offers an ADU Grant up to $40K.
- It is important to note that the availability and specifics of these tax benefits will depend on the location and circumstances of the ADU project, as well as the individual homeowner’s tax situation. It may be helpful to consult with a financial advisor or tax professional to determine if there are any tax benefits available for your ADU project.
- We understand that building an ADU is a significant investment, and we want to make it as accessible as possible. That’s why we offer ADU financing options to help you get the ADU of your dreams. Our team can help you explore ADU financing in Los Angeles, Orange County, san diego county, California. and find the best solution for your needs.
Question & Answers
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Yes, we can provide in person or virtual consultations.
It depends on your jurisdiction. The average is 6 months.
The answer is yes, we have several partners that offer excellent financing services.