Forms and Information for Tax Preparation Specialists
Welcome to Energy Tax Credit Information.com!
Direct Link to IRS Form 5695 - Residential Energy Credits
Forms and Information for Tax Preparation Specialists
Please Note: The Energy Tax Reports are in PDF format. If you cannot view the files, please download the latest Adobe Acrobat Reader at www.adobe.com/acrobat. If you still cannot view the files, please turn off your pop-up blocker.
NOTE: Tax Credits for Existing Residential Buildings have expired for now! (This information remains posted here in case the new US Congress decides to revive these vital tax credits) |
Tax credits for owners of residential buildings is relatively straight forward. You must save the receipts of any qualifying energy efficiency improvements you make and you can receive a percentage of the cost of the improvements in the form of tax credits. Additional details on these tax credits can be found by clicking on the links to the right . You might want to consider an energy audit to gain the maximum amount of savings from the energy-saving product(s) that you install. You can conduct your own basic energy audit by using a DYOTM Basic Energy Audit Kit. These kits offer a low-cost method to determine energy savings. | Energy Tax Forms and Related Links for Existing Homes Information Regarding Energy Tax Credits on EPA ENERGY STAR© Website Save Energy With A Do Your Own Basic Energy Audit Kit |
Tax Credits for New Residential Buildings (Valid Through 2008!) |
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| Obtaining energy tax credits for owners who want to build a new residential building or project require an Energy Tax Credit Report. Before getting into details regarding the credits for new residential buildings, let's begin by stating that these credits are not just for new single family homes. These credits also apply to new apartment buildings, townhomes, condominiums, duplexes, triplexes and even fourplexes. Basically, any living unit that has a kitchen, sleeping area and is intended to be a residential dwelling can qualify. If the buildings are taller than 3 stories or levels, then they are considered commercial. Residential tax credits apply to buildings 3 stories or less in height. For additional details, please click on the links to the right. | Energy Tax Forms and Related Links for New Homes Example Qualifying Energy Tax Credit Reports and Forms Information Regarding Energy Tax Credits on EPA ENERGY STAR© Website |
Tax Credits for New Manufactured Homes (Valid Through 2008!) |
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| Beginning in 2006, producers of manufactured homes will be eligible for federal tax credits for homes that are energy efficient. This includes manufactured homes that qualify for the ENERGY STAR label. These tax credits are part of the Energy Policy Act of 2005. | Energy Tax Forms and Related Links for Manufactured Homes Information Regarding Energy Tax Credits on EPA ENERGY STAR© Website Save Energy With A Do Your Own Basic Energy Audit Kit |
After years of deliberation and debate, Congress has stepped-up to the plate and passed the 2005 Energy Policy Act which includes Energy Tax Credits for new and existing homes, commercial buildings and much more. However, the window of time to act and obtain these credits is very short. It is important that reliable information regarding these tax credits become available through a variety of means, including the Internet.
With this in mind, all of us at Hathmore Technologies, LLC are pleased to offer this website to help clarify and expedite the tax credit process. Hathmore Technologies, LLC has worked with local and regional energy tax credit programs since 1979 and offers a broad range of services for residential, commercial and industrial clients.
This website is intended to provide continually updated information regarding the various tax credits that are now available through the 2005 Energy Policy Act. Escalating prices and concern about availability of supply have made energy efficiency and resource conservation into major initiatives for many individuals and companies around the world.
Here are some highlights of the benefits of these tax credit programs:
Residential energy tax credits are available to the builder/owner/developer of new single family homes, apartment buildings, condominium and townhomes, duplexes and other multi-family dwellings. At a credit of $2,000* per living unit, a 100-unit apartment complex can qualify for $200,000 in tax credits. However, as things stand right now, each project will need to be completed and ownership transferred by December 31, 2007. Building plan review and a preliminary HERS rating on test units is suggested to obtain an Energy Tax Report. (REM/Rate Version 12.2 Sample Energy Tax Report ) or {EnergyGauge USA Version 2.5 Sample Energy Tax Report (Page 1) (Page 2) (Page 3) }.
Builders and developers of large projects that contain residential living units with the same floorplan and construction can utilize a sampling rate protocol, which can help the project's bottom-line. Expedited plan review and testing can be available from some home energy rating companies.
* Anyone interested in obtaining energy tax credits for existing residential dwellings can do their own basic energy audit using a kit to learn what energy improvements may make the most economic sense or have the best payback.
More Tax Credit Topics Coming Soon!
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Tax Deductions for Commercial Buildings (See TIAP Project Below) Solar Tax Credits (Valid Through 2008!) (See TIAP Project Below) |
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Other Energy Tax Credit Websites TIAP - The Tax Incentives Assistance Project - http://www.energytaxincentives.org/ IRS - Highlights of the Energy Policy Act of 2005 for Individuals
http://www.irs.gov/newsroom/article/0,,id=153397,00.html |
(*Please Note: This website is intended to provide basic information regarding the energy tax credits. No warranties are implied or given. )
Questions regarding the eligibility any residential projects, buildings and/or properties in regards to tax credits or the ability of the applicant to receive or obtain tax credits should be forwarded to a certified public accountant or tax attorney.
This Website Developed and Maintained By:
Hathmore Technologies, LLC
Website: www.hathmore.com
Email Contact: Ken R. kenr@hathmore.com
