A new provision in the Inflation Reduction Act of 2022 extends and enhances the energy efficient home credit, allowing contractors who build or substantially reconstruct qualified energy-efficient homes eligibility for tax credits up to $5,000 per home. The amount of the credit depends on a number of factors, including the type of home, its energy efficiency rating, and the date when someone buys or rents it.
Visit www.irs.gov/credits-deductions/credit-for-builders-of-energy-efficient-homes for more information about how to qualify, credit amounts, how to claim the credit and more.
If you have questions regarding this credit, please contact our office at 602.776.6300.
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