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Energy Efficient Homes Tax Credit Will Continue in 2011

RESNET gets Congress to extend Federal Tax Credit for Energy Efficient Homes

Energy Efficient Homes Tax Credit Will Continue in 2011

After hard work by RESNET and its strategic allies, last night Congress extended the $2,000 federal tax credit for builders who build energy efficient homes. The extension is from January 1, 2010 to December 31, 2011. The energy efficient homes tax credit extension was part of a sweeping tax package negotiated by the White House and Republican Congressional leaders.

The legislation also includes a provision that extends the tax credit for consumers who purchase qualified energy saving products, but lowers the credit to its pre-economic recovery act levels. The new bill extends the credit to the end of 2011, but reduces the incentive to the original 10% up to $500. Included are provisions limiting window incentives to $200, oil and gas furnace and boiler incentives to $150-200, and water heater and wood heating system incentives to $300. As part of the legislation, Congress tightened the specifications for oil furnaces and boilers and gas boilers to 95% efficiency, up from the 90% efficiency in current credit.

The tax credit for highly energy efficient appliances was extended for one year, and the efficiency criteria and incentives have been updated to provide incentives only for products that are significantly more efficient than today’s average new product. The credit goes to manufacturers.

President Obama is expected to sign the legislation into law this week.

A priority of RESNET is 2011 is to work to have Congress enact legislation for performance based tax credits. This would include creating a performance based credit for comprehensive energy performance upgrades and a higher tax incentive for builders who build homes that are rated a 50 on the HERS Index or lower. There will be a session focused on this at the 2011 RESNET Building Performance Conference.

If you are interested in learning more about RESNET or becoming a RESNET HERS Rater, call us at (800) 460-2575 or register for HERS Rater training!

About Lesley Baulding

Lesley has been passionately advocating for and working with green building and renewable energy since 2009. She has experience with LEED certification, home energy auditing, blower door testing, solar energy, and more. She holds many certifications, including LEED Green Associate and NABCEP Certification. Her work has won numerous awards over the past decade.

3 replies on “Energy Efficient Homes Tax Credit Will Continue in 2011”

  1. Energy Efficient Windows

    I purchased energy-efficient windows on this program and it has saved me a lot of money. My house is a 1950s bungalow that had 1950s windows. They were horrible.

    Without this tax credit I would not have been able to buy the windows. At least not the high quality energy efficient windows. With the tax credit they ended up costing the same price as the very low end windows.

    This program should be in place all year round every year!

    Adam Rockwell

  2. Same In Brazil

    This is (was) a real nice incentive from the US government to grant tax credits for energy efficient homes. Sure wished they passed similar benefit here in Brazil

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