IRS Form 8908, titled “Energy Efficient Home Credit,” is a tax form used by eligible contractors to claim credits for constructing and selling energy-efficient homes. This form is designed for contractors who owned and had a basis in qualified new energy-efficient homes during their construction and before they were acquired for use as residences. The form allows contractors to calculate credits based on different types of energy-efficient homes, including those participating in Energy Star programs and those certified as zero energy ready homes.
How to File Form 8908?
To file Form 8908:
- Complete the form for the appropriate tax year.
- Attach Form 8908 to your tax return.
- Submit the forms together by the regular tax filing deadline or by the extended deadline if you’ve filed for an extension.
How to Complete Form 8908?
Identification Section
- Enter your name(s) as shown on your tax return.
- Provide your identifying number (SSN or EIN).
Item A
- Complete Part II, listing the certifiers used to secure energy efficiency savings certifications.
- Enter the number of certifiers listed in Part II.
Item B
- Enter the total number of home certifications reported in Part II, column (c).
Part I: Information About Your Qualified Homes
Line 1a: Enter the number of qualified single-family homes not certified as zero energy ready.
Line 1b: Multiply line 1a by $2,500.
Line 2a: Enter the number of qualified single-family homes certified as zero energy ready.
Line 2b: Multiply line 2a by $5,000.
Line 3a: Enter the number of qualified multifamily homes meeting prevailing wage requirements but not certified as zero energy ready.
Line 3b: Multiply line 3a by $2,500.
Line 4a: Enter the number of qualified multifamily homes meeting prevailing wage requirements and certified as zero energy ready.
Line 4b: Multiply line 4a by $5,000.
Line 5a: Enter the number of qualified multifamily homes not meeting prevailing wage requirements and not certified as zero energy ready.
Line 5b: Multiply line 5a by $500.
Line 6a: Enter the number of qualified multifamily homes not meeting prevailing wage requirements but certified as zero energy ready.
Line 6b: Multiply line 6a by $1,000.
Line 7: Enter energy efficient home credits from partnerships and S corporations.
Line 8: Add lines 1b, 2b, 3b, 4b, 5b, 6b, and 7.
- Partnerships and S corporations: Report this amount on Schedule K.
- All others: Report this amount on Form 3800, Part III, line 1p.
Part II: Certification Information
- List each certifier used, including name, identifying number, and number of homes certified.