IRS Releases Guidance on Energy Efficiency Credits

On September 27, 2023, the Department of the Treasury and the Internal Revenue Service (IRS) today released guidance on the Section 45L New Energy Efficient Home Credit. The guidance addresses: (i) the person that is eligible for the credit, (ii) determining the applicable amount of the credit, (iii) energy saving requirements, (iv) certification requirements, and (v) substantiation requirements.