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Internal Revenue Code of 1986

The official collection of tax laws in the United States, updated and amended over time.

Tax credit

A direct reduction in the amount of tax owed, dollar-for-dollar. Unlike a deduction, which reduces taxable income, a credit directly reduces the tax bill.

Energy efficiency

Using less energy to perform the same task, or achieving the same outcome with a lower amount of energy input (e.g., better insulation, more efficient appliances).

Residential Clean Energy Credit

A tax credit for homeowners who install renewable energy technologies, such as solar panels, solar water heaters, or small wind energy systems, in their homes.

New Energy Efficient Home Credit

A tax credit available to eligible contractors or builders who construct and sell new homes that meet specific energy efficiency requirements.

Energy Efficient Home Improvement Credit

A tax credit for homeowners who make certain qualified energy-efficient improvements to their existing homes, such as adding insulation or installing energy-efficient windows or doors.

Repeal