Homebuilders are still rejoicing in the new home builder tax credit that has been provided by the United States. This tax credit is applicable when new home builders take measures to ensure that they are building energy-efficient homes that will not only place less of a strain on the energy grid, but will also be much better for the environment.

What New Homes Qualify

In order to be considered energy efficient enough to be eligible for the new home builder tax credit, new homes must have an energy efficiency rating of over 50% than those of the Energy Star Rating, a rating system that was implemented in 2004. This percentage applies to site built homes. However, manufactured homes also have regulations in order to be eligible. These regulations are 30% over the Energy Star Rating. Manufactured homes built only after 2005 are also the only homes that will qualify for the tax credit.

How Much of a Tax Credit Can New Home Builders Expect?

If the new homes are proven to be eligible for the new home builder tax credit, homebuilders can expect a credit of up to $2,000 for every energy-efficient home sold on their income taxes. This of course, means that this credit would go towards any income tax money owing on the part of the homebuilders, and could mean significant savings in income taxes for those homebuilders.