CA AB2014

Allows a tax credit of up to $1,500 per year for qualified taxpayers who commission energy audits complying with California Home Energy Rating System Phase II regulations and implement recommended energy efficiency improvements to their principal residences for taxable years beginning January 1, 2010 through December 31, 2013.

Limits the credit to residents of Alameda, Contra Costa, San Mateo, and Santa Clara counties as a pilot program to evaluate the effectiveness of energy efficiency incentives.

Requires energy audits to be conducted by California Home Energy Rating System professionals certified by the State Energy Resources Conservation and Development Commission, with improvements completed within three years of audit completion.

Implements a $250,000 annual cap on total credits claimed, with the Franchise Tax Board establishing cut-off dates for timely filed returns once this threshold is reached.

Allows unused credits to be carried forward for up to nine years and provides that unmarried joint owners of a qualified residence each receive 50 percent of the allowed credit.