Tax Credits for Factory-built Homes Reinstated

The Manufactured Housing Institute informs MHLivingNews 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)