Wednesday, December 31, 2014

Good News for Home Manufacturers

by Ryan VanArsdale

December 16, the U.S. Senate passed a House version of a tax credit extender bill that includes extending the 45L tax credit for energy efficient homes. Depending on the type of home (the credit applies to both manufactured and new construction) and the amount of energy savings, manufacturers and builders can receive from $1,000 to $2,000 in tax credits. The bill retroactively extends the credit until December 31, 2014.

RESNET is working hard on education and advocacy for the reform of 45L.  The proposed initiative would make the credit permanent, self-correcting and based on the 2015 International Energy Code’s Energy Rating Index. 

Manufactured home builders who are ready to finalize your checklists and get them entered into SBRA, be aware the deadline is January 31, 2015, in order for the credit to be accepted. If you have any questions on submitting your checklist, or are a new construction builder with questions on how to determine if you quality, you can contact NTA.

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