Arkansas HVACR NewsMagazine January 2023

News Magazine January 2023

FEATURE STORY

The same website also has the following picture. You can find more information by clicking on the blue buttons; however you must go to the site for the buttons to work. You can click on this picture, you will be taken to the government site.

• January 1, 2025 – December 31, 2032: ENERGY STAR Single Family New Homes National Version 3.2 (or the regional program requirements applicable to the home). • Manufactured Homes - $2,500 available for ENERGY STAR certified manufactured homes meeting the most recent ENERGY STAR Manufactured New Homes program requirements (currently Version 2, with Version 2.1 currently proposed to be implemented in May 2023). • Multifamily - $500 available for ENERGY STAR certified multifamily units meeting the ENERGY STAR Multifamily New Construction National program requirements (or the regional program requirements) applicable to the dwelling unit, as specified in Section 13304. A larger tax credit is available for multifamily projects that meet prevailing wage requirements. The Energy Star website also has information for homeowners. Go to their site, click on “Tax Credits for Homeowner” and then select the picture of the appliance you are interested in. That site again is https://www.energystar.gov/about/federal _tax_credits/non_business_energy_propert y_tax_credits In conclusion for now, this we know. There are rebates; i.e., credits that will come off your tax liability; however, as we understand, they may not provide for a As you can see, we’re talking big money.

The IRA also has big tax credits for Home Builders

Here are examples copied from Energy Star: https://www.energystar.gov/about/federal _tax_credits/federal_tax_credit_archives/ta x_credits_home_builders • Single-Family New Homes - $2,500 available for ENERGY STAR certified homes. • January 1, 2023 – December 31, 2024: ENERGY STAR Single Family New Home National Version 3.1 (or the regional program requirements applicable to the home).