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Information on the New Homes Federal Tax Credit
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Click here for the New Homes Tax Credit Form for Builders
Click here for a list of tax credit compliance software programs accredited by RESNET.
Click here for a list of software tools certified for use with tax credit calculations and compliance by the IRS.
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Under the Federal Energy Policy Act of 2005, builders can qualify for a tax credit of $2,000 per home for improving the energy efficiency of new homes. Improving energy efficiency can be done using standard construction methods simply by improving the levels of insulation and other elements of the building envelope and enhancing major systems.
The energy efficiency tax credit is in effect for homes built between January 1, 2006 and December 31, 2009.
- Qualified homes will provide a level of heating and cooling at least 50 percent below the 2004 Supplement to the 2003 International Energy Conservation Code (IECC).
- The building envelope alone must provide 10 percent of the 50 percent improvement.
- The tax credit goes directly to builders who can receive credit for every home constructed that meets eligibility requirements. There is no limit to the number of homes that can qualify.
- Homes must be tested for whole-house air leakage and duct leakage by a Residential Energy Services Network (RESNET) certified rater, and the documentation, including test reports and computer analysis, must be certified by a RESNET accredited provider. (See RESNET website for directory of raters and providers.)
Find your state in the list below and see how model homes can meet the requirements of the New Tax Credit:
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