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US Treasury: homes must be 'zero energy ready' to get full tax credit

The U.S. Treasury on Thursday released new guidance on energy efficient home tax credits worth up to $5,000 per dwelling, showing that for builders to receive the full amount, the homes must be fully capable of supporting solar power, electric heat pumps, electric vehicles and other efficiency enhancements. The Internal Revenue Services guidance is among a series of clarifications of Inflation Reduction Act clean energy tax credit rules due before the end of 2023, including a provision aimed at deterring companies from relying on Chinese supply chains. For homes in multi-family buildings to qualify for the full $5,000 credit, builders also must pay workers the area's prevailing wage, according to the IRS guidance. ....

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US Treasury: homes must be 'zero energy ready' to get full tax credit

The U.S. Treasury on Thursday released new guidance on energy efficient home tax credits worth up to $5,000 per dwelling, showing that for builders to receive the full amount, the homes must be fully capable of supporting solar power, electric heat pumps, electric vehicles and other efficiency enhancements. The Internal Revenue Services guidance is among a series of clarifications of Inflation Reduction Act clean energy tax credit rules due before the end of 2023, including a provision aimed at deterring companies from relying on Chinese supply chains. For homes in multi-family buildings to qualify for the full $5,000 credit, builders also must pay workers the area's prevailing wage, according to the IRS guidance. ....

United States , Department Of Energy , District Of Columbia , David Lawder , Revenue Services , Department Of Energy Zero Ready Home , Energy Ready Home , Energy Star , Internal Revenue Services , Inflation Reduction Act , Energy Zero Ready Home , Zero Energy Ready Home , Marguerita Choy ,

US Treasury: homes must be 'zero energy ready' to get full tax credit

US Treasury: homes must be 'zero energy ready' to get full tax credit
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