Energy Efficient Manufactured Homes Incentive Tax Credit

Program Energy Efficient Manufactured Homes Incentive Tax Credit
Category Financial Incentive
Implementing sector State
Last Update
State South Carolina
Administrator South Carolina Energy Office
Website http://www.energy.sc.gov/lpage?m=701
Start Date
Sectors Residential

During the 2008 legislative session, South Carolina legislators passed SB 1141, creating the Energy Efficient Manufactured Homes Incentive Program, effective July 1, 2009. This bill created an income tax credit, with the goal of encouraging consumers to purchase energy efficient manufactured homes.


To qualify for the nonrefundable $750 tax credit, an individual must purchase either: 1) a manufactured home that meets or exceeds the U.S. Environmental Protection Agency's and the U.S. Department of Energy's energy-saving efficiency requirements; or 2) a manufactured home that meets or exceeds energy efficiency requirements under the ENERGY STAR program. In addition, the individual must purchase the home from a retail dealership licensed by the South Carolina Manufactured Housing Board and use the manufactured home in South Carolina.


In addition, they have included a 100% sales tax exemption for consumers that have purchased an eligible ENERGY STAR manufactured home. These customers will not be charged the $300 sales tax. They may be charged up to $80 for appliances, but the entire $300 sales tax will not be applicable. Buyers of homes that do not meet the energy-efficient criteria would pay an additional two percent in state sales tax. Consumers do not need to apply or provide any information to the Energy Office for this sales tax incentive.


The South Carolina Energy Office has developed tax credit applications which are given to customers by the manufactured home dealers and are also available on the Manufactured Housing Institute of S.C. website. The approved form must be submitted with paper tax forms, or retained with other tax documents by electronic filers. This credit is slated to expire July 1, 2024.

 

 

 

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