Washington’s deal on the so-called “fiscal cliff” includes the extension of tax credits for energy-efficient improvements to existing homes, and updates eligible property. The deal also continues tax credits for the construction of energy-efficient new homes that achieve a 30 or 50 percent reduction in heating and cooling energy consumption relative to a comparable home constructed under standards in effect for 2003.
Links:
[1] http://www.mondaq.com/unitedstates/x/214826/Energy+Law/Key+Energy+Tax+Provisions+Included+in+Fiscal+Cliff+Legislation