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Tax Credit - to builder or buyer?
Last Post 06 Oct 2008 10:14 AM by seaglade. 2 Replies.
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hudelhausUser is Offline
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06 Oct 2008 08:18 AM
Hello,

We are having a home built for us that will have some level of energy savings certification that qualifies for a tax credit.  My question is -- who gets to take the credit, the builder or the buyer?  We aren't using a construction loan (the builder owns the building up until we buy it) but we do have a contract for the house.

Thanks,
Christopher.
seagladeUser is Offline
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06 Oct 2008 10:00 AM

The builder is the one who gets the tax credit, as the owner your limit is around $500.   I was shocked when my CPA told me.
seagladeUser is Offline
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06 Oct 2008 10:14 AM
The Green Building Talk web site has a section on the right side of the screen called NEWS, they have a recent article about the IRS rules on energy tax credits.
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