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House Passes Energy Efficient Homes Tax Credit Extension

On Friday the U.S. House of Representatives passed HR 4213 that included the extension of the $2,000 federal tax credit for energy efficient new homes.  Below is the language that was passed:
 
SEC. 206. NEW ENERGY EFFICIENT HOME CREDIT.
 
12 (a) IN GENERAL.—Subsection (g) of section 45L is
13 amended by striking ‘‘December 31, 2009’’ and inserting
14 ‘‘December 31, 2010’’.
15 (b) EFFECTIVE DATE.—The amendment made by this
16 section shall apply to homes acquired after December 31,
17 2009.
 
The extension of the energy efficient homes credit was part of an omnibus tax extension bill.  Since the House version differs in total content it must go through a reconciliation process with the Senate.  Since the House and Senate language for the energy efficient homes credit extension it will not be affected by the reconciliate process.  Once the House and Senate passes the bill, President Obama must sign it.
 
RESNET efforts now need to be directed in extending the credit to homes that meet 50 on the HERS Index and extending the credit to 2014.

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