The City of Houston recently approved tax incentives for businesses that install green stormwater infrastructure.
Property owners who construct green roofs, rain gardens, permeable pavement, and rainwater harvesting elements can have their property tax reduced. A facility would be eligible for a tax abatement if the project valuation is at least $3 million, with at least $200,000 of that for green stormwater infrastructure.
The value of the abatement could be 100% of the project’s valuation for the green stormwater infrastructure for up to 10 years. Thus, a $3 million project with $200,000 worth of green stormwater infrastructure could save the owner $20,000 annually.
One city council member told the Houston Chronicle that he would like to extend the program to include residential property owners.
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