Tax Tips


Provisions in the Federal Energy Policy Act of 2005 allow home builders to claim a tax credit of $2000 for qualifying energy-efficient homes completed after December 31, 2005.

The qualification criterion is the estimated heating and cooling energy consumption of the home. It must be at least 50% below the heating and cooling consumption of a comparable home that meets the standards of the 2004 supplement to the 2003 International Energy Conservation Code (IECC). Energy-efficient windows are crucial for achieving such low consumption of heating and cooling energy. The credit goes directly to the home builder. In order to claim the credit, a builder must have the home’s energy performance estimated and certified by an independent certifier that is accredited by the Residential Energy Service Network (RESNET).

If the tax credit is not extended, it can be claimed for homes placed in service until December 31, 2007.

Consult your tax planner and review all IRS guidelines find out how to qualify for this tax credit!

For more information, email Mitch Roberts of Andy Thiel!