![]() The term "residential energy property expenditures" means expenditures made by the taxpayer for qualified energy property which is. (d) Residential energy property expenditures The term "dwelling unit" includes a manufactured home which conforms to Federal Manufactured Home Construction and Safety Standards (part 3280 of title 24, Code of Federal Regulations). (D) any metal roof or asphalt roof installed on a dwelling unit, but only if such roof has appropriate pigmented coatings or cooling granules which are specifically and primarily designed to reduce the heat gain of such dwelling unit. (B) exterior windows (including skylights), ![]() (A) any insulation material or system which is specifically and primarily designed to reduce the heat loss or gain of a dwelling unit when installed in or on such dwelling unit, The term "building envelope component" means. (C) such component reasonably can be expected to remain in use for at least 5 years. (B) the original use of such component commences with the taxpayer, and (A) such component is installed in or on a dwelling unit located in the United States and owned and used by the taxpayer as the taxpayer's principal residence (within the meaning of section 121), The term "qualified energy efficiency improvements" means any energy efficient building envelope component which meets the prescriptive criteria for such component established by the 2000 International Energy Conservation Code, as such Code (including supplements) is in effect on the date of the enactment of this section (or, in the case of a metal roof with appropriate pigmented coatings, or an asphalt roof with appropriate cooling granules, which meet the Energy Star program requirements), if. (c) Qualified energy efficiency improvementsįor purposes of this section- (1) In general (C) $300 for any item of energy-efficient building property. (B) $150 for any qualified natural gas, propane, or oil furnace or hot water boiler, and (A) $50 for any advanced main air circulating fan, The amount of the credit allowed under this section by reason of subsection (a)(2) shall not exceed. (3) Limitation on residential energy property expenditures In the case of amounts paid or incurred for components described in subsection (c)(2)(B) by any taxpayer for any taxable year, the credit allowed under this section with respect to such amounts for such year shall not exceed the excess (if any) of $200 over the aggregate credits allowed under this section with respect to such amounts for all prior taxable years. The credit allowed under this section with respect to any taxpayer for any taxable year shall not exceed the excess (if any) of $500 over the aggregate credits allowed under this section with respect to such taxpayer for all prior taxable years. (2) the amount of the residential energy property expenditures paid or incurred by the taxpayer during such taxable year. (1) 10 percent of the amount paid or incurred by the taxpayer for qualified energy efficiency improvements installed during such taxable year, and In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of. Nonbusiness energy property (a) Allowance of credit Jump To: Source Credit References In Text Amendments Effective Date §25C.
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