A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.
The "45L" tax credit for energy efficient homes acquired from 2023 through 2032 ranges from $500 to $5,000 per dwelling, with the homes meeting lesser Energy Star efficient appliance standards qualifying for the low end, and those meeting Department of Energy Zero Energy Ready Home requirements qualifying for the maximum.
To meet the Zero Energy Ready Home requirements, the dwellings must meet certain requirements for insulation, duct work, appliances and other features that make it "so energy efficient that a renewable energy system could offset most or all the home's annual energy use," according to the Department of Energy.
The homes must be certified by third parties to verify that they meet the requirements, the Treasury said.
For homes acquired before 2023, the credit amount is $1,000 or $2,000 depending on the standards met.
Persons:
Kevin Lamarque, David Lawder, Marguerita Choy
Organizations:
Department of, U.S . Treasury, REUTERS, Rights, U.S, Treasury, Internal Revenue Services, Energy, of Energy, Zero, Department of Energy, Thomson
Locations:
Washington , U.S