I am considering using this pilot credit for a renovation project of a residence hall. Does anyone have an opinion if this would make sense?

Some background - The residence hall is going through LEED NC, due to the extent of the renovation. 95% of the original structure is being maintained and there will be two additions (10% of the overall project size). The last phase of the building was completed 46 years ago.

As you might guess, the renovation is mainly interior and within the building systems (mechanical, electrical, etc). The finishes and bathrooms are getting updated. Better common spaces are also a focus and all existing windows are being replaced.

Thanks.