New Home Energy Credit Extended and Increased
This act extends a tax credit for builders of energy-efficient new homes until 2031. It increases the credit amount, especially for homes meeting the highest energy standards. This aims to encourage the construction of more environmentally friendly residential buildings.
Key points
Extends the tax credit for building energy-efficient homes by 10 years, until the end of 2031.
Increases the tax credit amount for qualifying homes, to $2,500 or $5,000 depending on the energy efficiency level.
Updates the energy efficiency requirements homes must meet to qualify for the credit, including Energy Star and Zero Energy Ready Home standards.
Expired
Citizen Poll