The U.S. Department of Energy has revised standards for approving software programs to calculate compliance to the federal tax credit for energy-efficient homes (Section 45L of the Internal Revenue Code). The revised standard says that the software program must be tested in accordance to the suite of tests contained in RESNET Publication No. 001-16.
The following software has been approved by DOE for calculating the tax credit:
• Ekotrope RATER Version 2.2
• EnergyGauge USA Version 5.1 & 6.0
• REM/Rate v15.4 (and subsequent releases of v15.4.x), v15.6 (and subsequent releases of v15.6.x) and v15.7 (and subsequent releases of v15.7.x)
Software previously approved at the state level has been removed from the DOE Approved Software List. States may determine which entities are eligible to certify the tax credit; they may not approve which software can be used to meet the energy efficiency requirements of the 45L tax credit.
Advertisement
Related Stories
Government + Policy
Housing Affordability Becomes Debate Topic in 2024 Presidential Election
Presidential candidates are tackling affordability issues as home price-to-income ratio reaches record high
Government + Policy
Can Limiting Hedge Funds From Buying Homes Lower Housing Prices?
Since large institutions make up just 13% of all investor homebuyers, their impact on rising home prices may not be as significant as some believe
Economics
Gen Z Feels Weight of US Debt Burden While Trying to Enter Housing Market
Current US debt has surpassed levels reached in the aftermath of World War II, with Gen Z bearing the brunt
