Extension of the energy transition tax credit (CITE) for 2016

Article 106 of the 2016 Finance Act extends the energy transition tax credit (article 200 quater of the general tax code) by one year, to 31 December 2016. It restricts the credit to homes completed more than two years ago, replaces condensing boilers by high-energy-performance boilers, requires equipment to be supplied and installed by the same company (or its subcontractor) and, for works subject to qualification, a prior visit of the home by the installer. The new rules apply to expenses paid from 1 January 2016, unless a quote was accepted and a deposit paid before that date.