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OMB No. 1545-1979
Form 8908 Energy Efficient Home Credit
Attach to your tax return. 2005
Department of the Treasury Attachment
Internal Revenue Service Sequence No. 153
Name(s) as shown on return Identifying number
Caution: This form may only be filed for fiscal years ending in 2006.
1a Enter the total number of qualified energy efficient homes meeting the 50% standard that were
substantially completed after August 8, 2005, and sold after December 31, 2005 (see
instructions) 1a b Multiply line 1a by $2,000 1b
2a Enter the total number of qualified energy efficient manufactured homes meeting the 30%
standard that were substantially completed after August 8, 2005, and sold after December 31,
2005 (see instructions) 2a b Multiply line 2a by $1,000 2b
3 Form 8908 credits If you are a— Then enter the Form 8908 credits from—
from pass-through a Shareholder Schedule K-1 (Form 1120S) box 13, code U 3
entities: b Partner Schedule K-1 (Form 1065) box 15, code U
4 Current year credit. Add lines 1b, 2b, and 3. Enter the total here and on line 1t of Form 3800.
Exception: S corporations and partnerships, see instructions. 4
General Instructions Qualified New Energy ● Has heating and cooling equipment
Efficient Home efficiencies meeting the minimum
Section references are to the Internal allowed under the guidelines established
Revenue Code unless otherwise noted. A qualified new energy efficient home is
a dwelling unit located in the United by Congress under the National
Purpose of Form States, whose construction is Appliance Energy Conservation Act of
substantially completed after August 8, 1987 in effect at the time the dwelling
Eligible contractors use Form 8908 to
2005, which is certified and meets unit is completed. See Department of
claim a credit for each qualified energy
certain energy saving requirements, Energy guidelines at 10 CFR 430.32.
efficient home sold in 2006. The credit
($2,000 or $1,000) is based on the discussed next. Construction includes 30% energy efficient standard. The
energy saving requirements of the home. substantial reconstruction and credit is $1,000 for a manufactured
rehabilitation. home that does not meet the 50%
The energy efficient home credit is
energy saving requirement but is
part of the general business credit. No Energy Saving Requirements certified to have an annual level of
portion of the unused credit may be
The amount of the credit is based on the heating and cooling energy consumption
carried back to any tax year ending
extent to which each new energy at least 30% below the annual level of
before 2006. If you cannot use all of the
efficient home meets the energy saving heating and cooling energy consumption
credit for 2005 because of the tax
requirements discussed below. of a comparable dwelling unit (discussed
liability limit, you may carry the unused
above) and:
credit forward up to 20 years. See 50% energy efficient standard. The
Carryback and Carryforward of Unused credit is $2,000 for a dwelling unit that is ● Meets FMHCSS requirements,
Credit in the instructions for Form 3800, certified to have an annual level of ● Has building envelope component
General Business Credit. See section heating and cooling energy consumption improvements that account for at least
45L for more information. at least 50% below the annual level of 1/3 of the 30% reduction in energy
heating and cooling energy consumption consumption, or
Who May Claim the Credit of a comparable dwelling unit and has ● Meets the current requirements
Eligible contractors may claim the credit building envelope component established by the Administrator of the
for new energy efficient homes that are improvements that account for at least Environmental Protection Agency under
substantially completed after August 8, 1/5 of the 50% reduction in energy the Energy Star Labeled Homes
2005, and acquired by an individual from consumption. A manufactured home program.
that contractor after December 31, 2005, meeting the requirements described
for use as a residence. above and the Federal Manufactured Certification
Home Construction and Safety The certification must be in writing in
Definitions Standards (FMHCSS) requirements (see accordance with guidance prescribed by
Eligible Contractor 24 CFR section 3280) is also eligible for the IRS, in consultation with the
the $2,000 credit. Department of Energy. The guidance will
An eligible contractor is:
Comparable dwelling unit. A prescribe the energy efficient building
● The person who constructed the
comparable dwelling unit: envelope components, energy efficient
qualified new energy efficient home or
● Is constructed in accordance with the heating or cooling equipment installed,
● In the case of a qualified new energy standards of chapter 4 of the 2004 and their respective rated energy
efficient home that is a manufactured Supplement to the 2003 International efficacy performance. The guidance will
home, the manufactured home producer Energy Conservation Code and also specify procedures and methods for
of the property. calculating energy and cost savings. The
IRS expects to issue the guidance in
early 2006.
For Paperwork Reduction Act Notice, see page 2. Cat. No. 37718T Form 8908 (2005)
Form 8908 (2005) Page 2
tax credit may not again be considered subject to the Paperwork Reduction Act
Specific Instructions in determining the energy efficient home unless the form displays a valid OMB
Note. If you only have a credit allocated credit. See section 45L(e). control number. Books or records
to you from a pass-through entity, skip relating to a form or its instructions must
lines 1 and 2, and go to line 3. Line 3 be retained as long as their contents
Enter the amount of credit that was may become material in the
Line 1 allocated to you as a shareholder or administration of any Internal Revenue
For each home substantially completed partner. law. Generally, tax returns and return
after August 8, 2005, and sold during information are confidential, as required
the tax year after December 31, 2005, Line 4 by section 6103.
that meets the 50% energy efficient Report the current year credit on line 1t The time needed to complete and file
standard, the allowable credit is $2,000. of Form 3800 to determine your this form will vary depending on
Reduce the expenses incurred in the allowable credit for the current year. individual circumstances. The estimated
construction of each new home by the Attach both Forms 3800 and 8908 to burden for individual taxpayers filing this
amount of the credit. Expenses taken your tax return. form is approved under OMB control
into account for either the rehabilitation S corporations and partnerships. For number 1545-0074 and is included in
or energy components of the investment other partnerships and S corporations, the estimates shown in the instructions
tax credit may not again be considered report each shareholder’s or partner’s for their individual income tax return. The
in determining the energy efficient home share of the credit on Schedule K-1. estimated burden for all other taxpayers
credit. See section 45L(e). Electing large partnerships include this who file this form is shown below.
amount in “general credits.” Recordkeeping 2 hr., 9 min.
Line 2 Learning about the
For each home substantially completed Paperwork Reduction Act Notice. We law or the form 12 min.
after August 8, 2005, and sold during ask for the information on this form to Preparing and sending
the tax year after December 31, 2005, carry out the Internal Revenue laws of the form to the IRS 14 min.
that meets the 30% energy efficient the United States. You are required to
standard, the allowable credit is $1,000. If you have comments concerning the
give us the information. We need it to accuracy of these time estimates or
Reduce the expenses incurred in the ensure that you are complying with suggestions for making this form
construction of each new home by the these laws and to allow us to figure and simpler, we would be happy to hear
amount of the credit. Expenses taken collect the right amount of tax. from you. See the instructions for the tax
into account for either the rehabilitation You are not required to provide the return with which this form is filed.
or energy components of the investment information requested on a form that is
