Reset Energy Credit??

[buzzardbreath]

A client used up all his available residential energy credit in 2009. In 2011, he buys another principle residence, and converts his former residence to a rental property.

Does he get a fresh new credit by virtue of buying a new home?

[mactoolsix]

Looks like it is per taxpayer

http://www.law.cornell.edu/uscode/text/26/25C

(1) Lifetime limitation
The credit allowed under this section with respect to any taxpayer for any taxable year shall not exceed the excess (if any) of $500 over the aggregate credits allowed under this section with respect to such taxpayer for all prior taxable years ending after December 31, 2005.

Mike