Yes, some tax credits in the United States apply to both new and existing homes. For example:
- Residential Clean Energy Credit (25D): This offers a 30% uncapped non-refundable tax credit for residential energy-efficient property upgrades, applicable to both new and existing homes.
- Energy Efficient Home Improvement Credit: This credit applies to qualified energy-efficient improvements made to existing homes. As of recent updates, homeowners may qualify for a credit up to $3,200 for improvements made after January 1, 2023.
However, specific credits like the one for builders of new energy-efficient homes under Section 45L are only applicable to new homes, providing up to $5,000 per home for eligible contractors.
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