Friday, November 6, 2009

Energy Star Certified house built in 2006 - tax credit?

Okay tax people, your knowledge is requested! We built a house in 2006. Recently, we paid $300 for an inspector to come out and perform all sorts of tests to certify it as an Energy Star certified house by the EPA. It passed and the inspector told us to look into tax credits. Anyone know a good place for me to get information on this - or possibly anyone know it off hand?

Energy Star Certified house built in 2006 - tax credit?
The big creidts are for the builder of the house not the buyer. The owner of the house is limited to a total of $500 in credits for such things as High-E furnace, A/C, windows, doors, etc. A solar panel or fuel cell is a seperate credit. The Energy Star credit belongs to the builder.
Reply:I would recomend talking to your tax preparer, he should be able to give you all the information you need.
Reply:The IRS has publications on this. Try The IRS.GOV


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