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Tax Credits for Home Builders

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Home builders are eligible for a $2,000 tax credit for constructing a new energy efficient home that achieves 50% 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. This credit also applies to contractors of manufactured homes conforming to Federal Manufactured Home Construction and Safety Standards.

There is also a $1,000 tax credit available to the producer of a new manufactured home achieving 30% 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.

Please note that with the exception of the tax credit for an Energy Star qualified manufactured home, these tax credits are not directly linked to Energy Star. Therefore, a builder of an Energy Star qualified home may be eligible for a tax credit, but it is not necessarily guaranteed.

These tax credits apply to new homes located in the United States whose construction is substantially completed after August 8, 2005 and that were acquired from the eligible contractor for use as a residence from January 1, 2006 through December 31, 2009.

Resources

Tax Credit Form

Contact

Let SENCON help you cut building costs and reduce your tax burden by helping you navigate available tax credits and incentives. To get started or to learn what is available, contact Daniel Cwik at (757) 498-0100 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .