Federal Tax Credits for Energy Efficiency
Federal Tax Credits for Energy Efficiency includes:
Tax Credits for Consumers
- Home Improvements
- Windows and Doors
- Insulation
- HVAC
- Geothermal Heat Pumps
- Water Heaters
- Biomass Stoves
- Solar Energy Systems
- Small Wind Energy Systems
- Fuel Cells
- Cars
How has the new Stimulus bill affected the tax credits for energy efficient home improvements?
On February 17, 2009, President Obama signed a stimulus bill (The American Recovery and Reinvestment Act of 2009) that made some significant changes to the energy efficiency tax credits. The highlights are:
- The tax credits that were previously effective for 2009, have been extended to 2010 as well.
- The tax credit has been raised from 10% to 30%.
- The tax credits that were for a specific dollar amount (ex $300 for a CAC), have been converted to 30% of the cost.
- The maximum credit has been raised from $500 to $1500 for the two years (2009–2010). However, some improvements such as geothermal heat pumps, solar water heaters, and solar panels are not subject to the $1,500 maximum.
- The $200 cap on windows has been removed.
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Visit Energy Star's Web site
For more Tax Credit Info |
SUMMARY OF TAX CREDITS FOR HOMEOWNERS
| Product Type |
Tax Credit |
Notes |
| Exterior Windows & Skylights |
30% of cost, up to $1,500
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Not all ENERGY STAR labeled windows and skylights qualify for tax credit. |
| Storm Windows |
30% of cost, up to $1,500
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Manufacturer Certification Statement will list classes of exterior window (single pane, clear glass, double pane, low-E coating, etc.)4 that a product may be combined with to be eligible in specific climate zones. |
| Exterior Doors |
30% of cost, up to $1,500
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Not all ENERGY STAR doors will qualify. |
| Storm Doors |
30% of cost, up to $1,500
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