Federal Tax Credits for Energy Efficiency, Home Builders and Commercial Buildings For detailed information consult your tax professional or visit:
http://www.EnergyStar.gov
http://www.IRS.gov
There is also a $1,000 tax credit 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 guaranteed.
These tax credits apply to new homes located in the United States whose construction is substantially completed after August 8, 2005 and that are acquired from the eligible contractor for use as a residence from January 1, 2006 through December 31, 2009.
Tax Deductions for Commercial Buildings:
A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems "placed in service" from January 1, 2006 through December 31, 2013.
Great Links to Learn More:
State Tax Credits for Energy Efficiency
UPDATED April 15, 2017 State & Local Tax Credits for Consumers: The State, Local and Utility level tax and rebate incentive programs are extensive. In some cases there are multiple levels of credits, rebates and incentives that are offered by the State, Counties, Cities and local utilities that can be taken advantage of for a new construction or home improvement project.
Below is a link to the DSIRE website. DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency.
Local Utilities offer additional rebates (listed on the link below) that are in addition the the State incentives. The link opens in a new window. DSIRE website - Opens in a new window
UPDATED April 15, 2017 State & Local Tax Credits for Consumers: The State, Local and Utility level tax and rebate incentive programs are extensive. In some cases there are multiple levels of credits, rebates and incentives that are offered by the State, Counties, Cities and local utilities that can be taken advantage of for a new construction or home improvement project.
Below is a link to the DSIRE website. DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency.
Local Utilities offer additional rebates (listed on the link below) that are in addition the the State incentives. The link opens in a new window. DSIRE website - Opens in a new window
Federal Tax Credits for Energy Efficiency, Home Builders and Commercial Buildings For detailed information consult your tax professional or visit:
http://www.EnergyStar.gov
http://www.IRS.gov
- Eligible contractors need to fill out IRS Form 8908 to get the tax credit. The IRS has provided the following guidance regarding the tax credits for constructing energy efficient new homes available under the Energy Policy Act of 2005:
- IRS Notice 2006–27 provides guidance for the credit for building energy efficient homes other than manufactured homes.
- IRS Notice 2006–28 provides guidance for the credit for building energy efficient manufactured homes.
There is also a $1,000 tax credit 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 guaranteed.
These tax credits apply to new homes located in the United States whose construction is substantially completed after August 8, 2005 and that are acquired from the eligible contractor for use as a residence from January 1, 2006 through December 31, 2009.
Tax Deductions for Commercial Buildings:
A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems "placed in service" from January 1, 2006 through December 31, 2013.
Great Links to Learn More: