Energy Tax Credit for eligible Contractors
Eligible contractors who build new energy efficient homes or substantially reconstruct existing homes into qualified energy efficient homes may be eligible for a tax credit up to $5,000 per home . The exact amount of the credit depends on eligibility requirements such as the type of home, the home's energy efficiency and the date when someone buys or leases the home. To claim the credit, contractors have to: Construct or substantially reconstruct and rehabilitate a qualified home. Own the home and have a basis in it during construction. Sell or rent it to a person for use as a residence. For a home to qualify, it must be: A single family home, including manufactured or multifamily homes, as defined under certain Energy Star program requirements. Located in the United States. Purchased or rented for use as a residence. Certified to meet applicable energy saving requirements based on home type before the home is sold or leased to someone for use as a home. For homes acquired throug