RESNET® NEEDS YOU! Save the 45L Federal Tax Credit Call Your US Senators’ Office Today Your Voice Matters! RESNET and our strategic allies are urging the home energy rating industry and its construction industry clients to lend their voice to protect the 45L Energy Efficient Homes Tax Credit. Extended through 2032 by the Inflation Reduction Act (IRA), the 45L tax credit provides builders up to $2,500 for homes labeled as EPA’s ENERGY STAR and $5,000 labeled as DOE’s Net Zero Energy Ready programs. The tax credit saves homebuyers’ energy costs while boosting the demand for high performance energy efficient homes. Besides these energy savings, the tax credit drives business for builders and contractors creating American jobs across the nation. Congress is scrutinizing the 45L tax credit for possible reductions or even elimination. Adding your voice to the support for 45L credit is critical. How to Make Your Voice Heard Now is a great time to contact your US Senators’ local office and educate them on the services that you provide in their district, the impact that HERS ratings are making on improving the local economy and the importance of the 45L federal tax credit. Here’s what you can do: Find your U.S. Senators offices: Go to https://www.senate.gov/senators/senators-contact.htm?Class=1 Call your two Senators’ offices and leave them with a brief message. The following is a brief message you could use: My name is XXXXX and proud resident of (YOUR STATE). I truly appreciate your boss’ commitment to public service. I’m calling today to ask for the Senator’s thoughtful consideration on an issue that is important to my business. I hope that he will advocate, and vote accordingly, for the continued use of the New Homes Energy Efficient Tax Credit – otherwise known as Section 45L of the Federal tax code. I understand that the Senate will begin further consideration of a budget reconciliation package that could include comprehensive tax policy changes. Our business greatly benefits from the continuation of this bi-partisan (45L) tax credit. This tax credit was initially passed in 2005 by a GOP controlled House and Senate and signed by President George W. Bush. Since that time, it has been extended and updated several times, with bi-partisan support. As the country grapples with skyrocketing housing costs, it would be counterintuitive to eliminate the 45L tax credit – a tax policy that ultimately improves homeownership affordability. The policy has proven successful in enabling builders to construct more energy efficient properties that provide homeowners with significant cost savings every month on their utility bills. Please pass along my comments to the Senator and would request a written response from your office so I can share the Senator’s opinion with my colleagues in the industry. My company is located at: XXXXX, City of XXXX My home address is XXXXXX Thank you for your time and for passing along this message. If you are able to communicate with your Senators’ offices please report it to Noah Kibbe at noah@resnet.us and inform us what the response was. We could use this information to follow up.
