Number of Homes Qualifying for the Federal Energy Efficient Homes Tax Credit Increases

May 5th, 2010 - Posted by RESNET under What's New at RESNET

While the housing market continues to dip, the number of homes qualifying for the $2,000 federal tax credit for energy efficient homes is growing.

In 2009, the number of homes verified as meeting the tax credit performance of 50% above code was 37,506. According to U.S. Census data, 10% all of the homes sold in the U.S. qualified for the credit.

Although the number of new homes sold in 2009 (374,000) dropped by nearly 100,000, the,number of homes verified for the tax credit remarkably increased by 21,939.

Below is a comparison of homes verified for the tax credit since it started in 2006:

Year Number of New Homes Sold Number of Homes Sold % of Homes Verified
2009 37,506 374,000 10.0%
2008 21,939 485,000 4.6%
2007 23,102 776,000 3.0%
2006 7,110 1,051,000 0.

This demonstrates the effectiveness of the tax credit for energy efficient homes. While the housing market continues to be in a depression, more builders are seeing the economic value of building homes that are rated as high performing. This also demonstrates the need for the House to approve the extension of the tax credit passed by the U.S. Senate.

RESNET congratulates the nation’s raters who have tirelessly worked with their builders to improve home performance even in these hard economic times.

  • Matt Hoskins

    When is the house going to vote on the bill passed by the Senate?

  • Harry Misuriello

    Check numbers on claim that: “Although the number of new homes sold in 2009 (374,000) dropped by nearly 100,000, the,number of homes verified for the tax credit remarkably increased by 21,939.”
    According to data in the article, the number of tax credit homes in 2008 was 21,939. In 2009, it was 35,506. The difference is an increase of 15, 567.

    Also, the number of homes rated in 2009 (116,283) which is less than Energy Star (84105) and 50% tax credit (37506) combined. Are some of these not getting rated?

    Very good info from RESNET on these numbers.
    Thanks,
    Harry

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