Archive

Posts Tagged ‘energy efficient home credit’

Tax Credits for Factory-built Homes Reinstated

January 2nd, 2013 Comments off

The Manufactured Housing Institute informs MHProNews that the passage of the legislation by Congress to avert the “fiscal cliff” included extension of tax credits for Energy Star manufactured and modular homes. The New Energy Efficient Home Credit expired at the end of 2011 and has been extended to Dec. 31, 2013. It provides builders of Energy Star-qualified manufactured homes with a tax credit of $1,000 (per home) and builders of modular homes with a credit of $2,000 (per home). MHI President and CEO Richard Jennison stated that “MHI is very grateful that Congress and the Administration recognize the importance in ensuring that energy-efficient Energy Star manufactured and modular homes remain affordable for millions of low- and moderate-income families across the nation. Extension of this vital tax credit guarantees that manufactured and modular homes can remain on the cutting-edge of energy efficiency without sacrificing their affordability.” He added MHI will continue seeking resources for builders of energy efficient HUD Code and Mod homes.

(Image credit: Manufactured Housing Institute)

Energy Efficient Tax Credits for MH/MOD Defeated

March 15th, 2012 Comments off

From Washington, D.C. the Manufactured Housing Institute (MHI) tells MHProNews.com the Stabenow amendment to the Senate’s surface transportation reauthorization legislation (S.1813), which would have extended the energy efficient tax credits for MH and Mod, did not get the required 60 votes needed for passage. Sen. Jim DeMint (R-SC) led the opposition to a 49-49 deadlock. MHI says proponents will regroup and begin working with legislators including Sen. Olympia Snowe (R-ME), Sen Max Baucus (D-MT), and Majority Leader Sen. Harry Reid (D-NV) to renew the six credits. Under the New Energy Efficient Home Credit, manufacturers of ENERGY STAR homes received $1,000 and modular home builders received $2,000, but that expired Dec. 31, 2011. MHI strongly suggests contacting your representative in Congress to support the extension.

(Photo credit: Wikipedia–U.S. Capitol)