What are the top 10 real estate regulations or policy changes affecting property taxation and incentives for energy-efficient homes?
1. Energy Policy Act of 2005: This policy encourages energy-efficient homes by offering tax incentives to homeowners who use renewable energy sources such as solar or wind energy to power their homes.
2. Tax Cuts and Jobs Act of 2017: This policy allows homeowners to deduct up to $10,000 in property taxes from their federal income taxes.
3. Affordable Housing Tax Credit Improvement Act: This policy provides tax credits to developers who build affordable housing units.
4. The Energy Improvement and Extension Act of 2008: This policy extends tax credits to homeowners who make energy-efficient upgrades to their homes, such as installing energy-efficient windows or insulation.
5. The Residential Renewable Energy Tax Credit: This policy offers tax credits to homeowners who install renewable energy systems such as solar, wind, or geothermal energy systems.
6. The Residential Energy Conservation Subsidy Exclusion: This policy exempts homeowners who receive subsidies for energy-saving upgrades or improvements from paying taxes on the subsidy.
7. The Green Communities Act: This policy provides funding and incentives for affordable housing developments that are energy-efficient and environmentally friendly.
8. The Energy Efficient Home Credit: Under this policy, homeowners who install energy-efficient appliances, air conditioning systems, and other energy-saving upgrades can claim a tax credit of up to $500.
9. The Energy Independence and Security Act of 2007: This policy requires new federal buildings to meet higher energy efficiency standards and encourages the adoption of new building codes that promote energy efficiency.
10. The American Recovery and Reinvestment Act of 2009: This policy provides funding for energy-efficient home upgrades, such as insulation, windows, and roofing, through the Home Star program.