This message has been cross posted to the following Discussion Forums: Residential Knowledge Community and Committee on the Environment .
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The 2010 Tax Relief Act retroactively extends the new energy efficient home credit (Internal Revenue Code Section 45L) two years to homes acquired through Dec. 31, 2011. An eligible contractor can claim a credit of $2,000 or $1,000 for each qualified new energy efficient home. Among other requirements, a qualified new energy efficient home has a level of annual heating and cooling energy consumption which is at least 50 percent below the annual level of heating and cooling energy consumption of a comparable dwelling unit based on the 2003 IECC standard.
I hope this is useful.
Jerome L. Garciano, Esq.
Assoc. AIA, LEED AP
Edwards Angell Palmer & Dodge LLP
111 Huntington Avenue
Boston, MA 02199
Direct Dial: 617.239.0285
Direct Fax: 888.325.9042
Main Dial: 617.239.0100
Email: jgarciano@eapdlaw.com
www.eapdlaw.com