Eligible: Businesses

Apply by Dec 31, 2032

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$0 - $5,000

Credit for Builders of New Energy-Efficient Homes

From Internal Revenue Service (IRS)

Eligible contractors who build or substantially reconstruct qualified new energy-efficient homes may be able to claim tax credits up to $5,000 per home. The amount of the credit depends on factors including the type of home, its energy efficiency, and the date when the home is acquired.

  • Overview

    • Type

      Tax Incentive

    • Title

      Credit for Builders of New Energy-Efficient Homes

    • Source

      Internal Revenue Service (IRS)

    • Federal or State

      Federal

    • Award Range

      $0 - $5,000

  • Eligibility

    • Audience

      Businesses

    • Sector

      Buildings & Infrastructure, Energy Efficiency

    • Activity

      Equipment Purchase/Lease

    • Eligibility

      To qualify, eligible contractors must construct or substantially reconstruct and rehabilitate a qualified new energy efficient home located in the United States. They also must own the home and have a basis in it during the construction, and they must sell or lease the home to a person for use as a residence.

    • Location

      National

  • Application Process

    • Application Link

      irs.gov

    • Requirements

      Homes must be eligible to participate in certain Energy Star programs and meet applicable energy saving requirements based on home type. For homes acquired in 2023 through 2032, the credit amount ranges from $500 to $5,000, depending on the certification achieved and standards met, which include: Energy Star program requirements, Zero Energy Ready Home program requirements, prevailing wage requirements (for multifamily dwelling units only).

    • Disbursement Method

      Credit on federal taxes

  • Important Dates

    • Application Open Date

      Sep 1, 2024

    • Application Close Date

      Dec 31, 2032

  • Resources & Contacts

    • Resources

      About Form 8908, Energy Efficient Home Credit: https://www.irs.gov/forms-pubs/about-form-8908

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