M-OK Incentives

STATE: Oklahoma

Section 2357.46 - Tax Credit for Eligible Expenditures Incurred by a Contractor in the Construction of Energy Efficient Residential Property
http://www.oscn.net/applications/oscn/DeliverDocument.asp?CiteID=443877

also see:
http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=OK12F&state=OK&CurrentPageID=1&RE=1&EE=1

This is a tax credit for up to $2,000 per home and applies to residential single family and duplexes that are less than 2,000 sf which include energy efficient heating and cooling systems, windows, doors, roofs and insulation to minimize heat loss and gain.

I spoke to the State of Oklahoma and was told that this is the only tax incentive available for residential projects in the state. And it is debatable (not clearly stated) if this would apply to a 'development' of such houses as opposed to just 'one at a time' construction.

FEDERAL:

Residential Energy Conservation Subsidy Exclusion (Corporate)
http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US31F&State=federal¤tpageid=1&ee=1&re=1

energy conservation subsidies provided by public utilities, either directly or indirectly, are nontaxable. (If you participate in your local utility's energy conservation program)this one is a 'maybe'...have to work it out with the IRS.

Energy-Efficient New Homes Tax Credit for Home Builders
http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US41F&State=federal¤tpageid=1&ee=1&re=1

Site-built and Manufactured homes qualify for a $2,000 credit if they are certified to reduce heating and cooling energy consumption by 50% relative to the International Energy Conservation Code standard and meet minimum efficiency standards established by the Department of Energy. Building envelope component improvements must account for at least one-fifth of the reduction in energy consumption.
THIS INCENTIVE COSTS MONEY TO GET. FOR A SINGLE FAMILY HOME IT COULD COST $500-$1,000 TO GET THE $2,000. THIS COST IS DUE TO THE TESTING AND VERIFYING THAT IS REQUIRED TO EARN THE CREDITS. THIS COST WOULD LIKELY BE GREATLY REDUCED IF HOUSES ARE BUILT IN QUANTITY.

Residential Energy Efficiency Tax Credit
http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US43F&State=federal¤tpageid=1&ee=1&re=1

(This is for the purchaser of the house and it is a tax credit worth 30% of the cost of energy efficient features of the home (Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Building Insulation, Windows, Doors, Roofs, Circulating fans used in a qualifying furnace )to a max of $1500.)

Residential Renewable Energy Tax Credit
http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US37F&State=federal¤tpageid=1&ee=1&re=1

(This is a tax credit for the Owner/ Builder/Developer. For solar, wind, geothermal and fuel cell installations. Tax credit can be up to 30% of the cost of the renewable energy system - see chart for specifics. This is currently a big incentive for Geothermal-Solar and PV because there is no limit...the full 30% of these systems can be credited.

If the homes are Energy Star - (which is a green building rating and easy to achieve- lower standards than LEED) then energy efficient mortgages may be available to the home buyers:
http://www.energystar.gov/index.cfm?c=bldrs_lenders_raters.energy_efficient_mortgage

THERE MAY ALSO BE OPPORTUNITIES TO PARTNER WITH THE LOCAL UTILITY IF THEY NEED TO -OR WANT TO -EARN CREDITS FOR PROVIDING CERTAIN AMOUNTS OF THEIR ENERGY SUPPLY THROUGH RENEWABLES (SUCH AS THE PHOTOVOLAICS ON THE ROOFS OF YOUR HOUSES). THERE MAY BE SOME FUNDING OPPORTUNITIES THERE.