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| The US Treasury
Department, the Department of Energy and Energy Star
have developed guidance regarding the energy efficiency
tax credits for new, existing and manufactured homes for
tax years 2006 and 2007 under the Energy Policy Act of
2005.
We have
compiled information on this page to make finding tax
credit info easier for our customers. |
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For
new homes:
- Home builders are eligible
for a $2,000 tax credit for a new energy efficient home that
achieves 50 percent energy savings for heating and cooling
over the 2004 International Energy Conservation Code (IECC)
and supplements.
- At least 1/5 of the energy
savings must come from building envelope improvements
- These tax credits apply to
new homes whose construction is substantially completed
after August 8, 2005 and that are acquired from the eligible
contractor after December 31, 2005 and before January 1,
2008, for use as a residence
For manufactured homes
- There is a $1,000 tax
credit to the producer of a new manufactured home
achieving 30 percent energy savings for heating and
cooling over the 2004 IECC and supplements (at least 1/3
of the savings must come from building envelope
improvements), or a manufactured home meeting the
requirements established by EPA under the ENERGY STAR
program
- There is a $2,000 tax
credit for the producer who provides a level of heating
and cooling energy consumption that is at least 50
percent below that of a comparable manufactured home
constructed in accordance with the standards of section
404 of the 2004 Supplement to the 2003 International
Energy Conservation Code (2004 IECC Supplement), and to
have building envelope component improvements that
provide for a level of heating and cooling energy
consumption that is at least 10 percent below that of a
comparable dwelling unit
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