Energy-Efficient New Homes Tax Credit for Home Builders (45L)

Last updated: 5 November 2017
The Energy-Efficient New Homes Tax Credit for Home Builders establishes tax credits for builders of all new energy-efficient homes that achieve a 30% to 50% energy consumption reduction in heating and cooling compared to comparable dwelling constructed to adhere to the 2006 IECC standards. Initially introduced by the federal Energy Policy Act of 2005, the tax credit was extended through 2008 by Section 205 of the Tax Relief and Health Care Act of 2006 (H.R. 6111), and then extended again through December 31, 2009 by Section 304 of the federal Emergency Economic Stabilization Act of 2008 (H.R. 1424, Division B the Energy Improvement and Extension Act of 2008). The measure has been extended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the American Taxpayer Relief Act of 2012 (ATRA), and most recently by the Tax Increase Prevention Act of 2014 through December 31, 2014.

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