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Energy-efficient Homebuilders: Come and Get Your Credits

Eligible contractors can qualify for a credit of $2,000 for new energy-efficient homes built and sold before Jan. 1, 2009.

What are the requirements for the credit?

To qualify for the $2,000 credit, the new home must:

• Be located in the U.S. and meet energy savings requirements;
• Be certified to have a level of annual heating and cooling energy consumption at least 50% below that of comparable homes; and
• Have building envelope component improvements that account for at least 1/5 of the 50% decrease. Building envelope components include:
  • Insulation materials or systems specifically and primarily designed to reduce heat loss or gain
  • Exterior windows, skylights, doors, any duct sealing and infiltration reduction measures.

Any credit received will reduce the contractor's basis in the home.

$1,000 credit available for manufactured homes

Manufactured homes qualify for a reduced credit of $1,000. To qualify, a manufactured home must:

• Be certified to have a 30% reduction in annual heating and cooling energy consumption, with at least 1/3 of that from its building envelope components; or
• Meet the requirements under the Energy Star Labeled Homes program.

For more information, contact Cara Hoffman at 312-980-3274 or your Blackman Kallick representative.

This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.