The following applies to
the 6 product categories below:
Tax Credit:
10% of cost up to $500 or a specific amount from $50–$300
Expires:
December 31, 2013
Details:
Must be an existing home & your principal
residence. New construction and rentals do not qualify.
·
Biomass
stoves burn biomass fuel to heat a home or heat water. Biomass fuel
includes agricultural crops and trees, wood and wood waste and residues
(including wood pellets), plants (including aquatic plants), grasses, residues,
and fibers.
Tax Credit Amount: $300
Requirements
Thermal efficiency rating of at least 75%
More Information
· Advanced Main Air
Circulating Fan
An Advanced Main Air Circulating Fan
is an efficient fan, or blower motor which blows the air that your furnace
heats up through the duct system.
Tax Credit Amount: $50
Requirements
Must use no more than 2% of the furnace's total energy.
More Information
· Air Source Heat
Pumps
Heat
pumps offer an energy-efficient alternative to furnaces and air conditioners in
moderate climates. Like your refrigerator, heat pumps use electricity to move
heat from a cool space into a warm, making the cool space cooler and the warm
space warmer. During the heating season, heat pumps move heat from the cool
outdoors into your warm house; during the cooling season, heat pumps move heat
from your cool house into the warm outdoors. Because they move heat rather than
generate heat, heat pumps can provide up to 4 times the amount of energy they
consume.
Tax Credit Amount: $300
Requirements
Split Systems:
HSPF ≥ 8.5
EER ≥ 12.5
SEER ≥ 15
Package systems:
HSPF ≥ 8
EER ≥ 12
SEER ≥ 14
See
Definitions.
More Information
· Central Air
Conditioning (CAC)
The
best way to find tax credit eligible CACs is to ask your HVAC Contractor
(Heating Ventilation and Air Conditioning). To verify tax credit eligibility,
ask your HVAC contractor to provide the Manufacturer
Certification Statement for the equipment you plan to purchase. Or, search
the Manufacturer's website.
Tax Credit Amount: $300
Requirements
Split Systems:
SEER ≥ 16
EER ≥ 13
Package systems:
SEER ≥ 14
EER ≥ 12
See
definitions.
More Information
· Gas, Propane, or
Oil Hot Water Boiler
These
are heating units that use water circulated throughout the home in a system of
baseboard heating units, radiators, and/or in-floor radiant tubing.
Tax Credit Amount: $150
Requirements
AFUE ≥ 95
Tax Credit includes installation costs.
See
definitions.
More Information
· Natural Gas,
Propane or Oil Furnace
A
furnace uses the combustion of fuel and air to create heat.
Adding adequate insulation is one of the most cost-effective home
improvements that you can do.
Tax Credit Amount: 10% of the cost, up to $500
Requirements
Typical bulk insulation products can qualify, such as batts, rolls, blow-in
fibers, rigid boards, expanding spray, and pour-in-place.
Products that air seal (reduce air leaks) can also qualify, as long as they
come with a Manufacturers Certification Statement, including:
- Weather
stripping
- Spray foam
in a can, designed to air seal
- Caulk
designed to air seal
- House wrap
Tax Credit does NOT include installation costs. But,
you can install the insulation/home sealing yourself and get the credit.
See
definitions.
More Information
·
Qualified roof products
reflect more of the sun's rays, which can lower roof surface temperature by up
to 100F, decreasing the amount of heat transferred into your home.
Tax Credit Amount: 10% of the cost, up to $500
Requirements
"Metal roofs with appropriate
pigmented coatings" and "asphalt roofs with appropriate
cooling granules" that also meet ENERGY STAR requirements.
Tax Credit does NOT include installation costs.
More Information
·
Gas, Oil, Propane Water Heater
Water
heating can account for 14%–25% of the energy consumed in your home.
Tax Credit Amount: $300
Requirements
Energy Factor ≥ 0.82 OR a thermal
efficiency of at least 90%.
More Information
·
Electric Heat Pump Water Heater
Water
heating can account for 14%–25% of the energy consumed in your home.
Tax Credit Amount: $300
Requirements
Energy Factor ≥ 2.0
More Information
Windows, Doors, Skylights
Energy
efficient windows, doors and skylights can reduce energy bills.
Tax Credit Amount: 10% of the cost, up to $500, but windows are capped at
$200.
Requirements
Must be ENERGY STAR qualified.
You do not have to replace all the windows/doors/skylights in your home to
qualify. And it doesn't need to be a replacement either - installing a new
window where there wasn't one previously (like in an addition) qualifies.
Tax Credit does NOT include installation costs.
The following applies to
the 3 product categories below:
Tax Credit:
30% of cost with no upper limit
Expires:
December 31, 2016
Details:
Existing homes & new construction qualify. Both principal
residences and second homes qualify. Rentals do not qualify.
·
Geothermal
heat pumps are similar to ordinary heat pumps, but use the ground instead of
outside air to provide heating, air conditioning and, in most cases, hot water.
Because they use the earth's natural heat, they are among the most efficient
and comfortable heating and cooling technologies currently available.
Requirements
Must meet the requirements of the ENERGY STAR
program which are in effect at the time of the expenditure.
Water-to-Air
Closed Loop:
EER ≥ 17.1
COP ≥ 3.6
Open Loop:
EER ≥ 21.1
COP ≥ 4.1
Water-to-Water
Closed Loop:
EER ≥ 16.1
COP ≥ 3.1
Open Loop:
EER ≥ 20.1
COP ≥ 3.5
Direct Expansion:
EER ≥ 16
COP ≥ 3.6
Tax Credit includes installation costs.
More Information
·
A wind
turbine collects kinetic energy from the wind and converts it to electricity
that is compatible with a home's electrical system.
Requirements
Must have a nameplate capacity of no more than 100
kilowatts.
Tax Credit includes installation costs.
More Information
·
Solar Water Heaters
Solar
water heaters come in a wide variety of designs, all including a collector and
storage tank, and all using the sun's thermal energy to heat water. Solar water
heaters are typically described according to the type of collector and the
circulation system.
Requirements
At least half of the energy generated by the
"qualifying property" must come from the sun. The system must be
certified by the Solar Rating and Certification Corporation (SRCC) or a
comparable entity endorsed by the government of the state in which the property
is installed.
Note: The credit is not available for expenses for
swimming pools or hot tubs. The water must be used in the dwelling.
Photovoltaic systems must provide electricity for
the residence, and must meet applicable fire and electrical code requirement.
Tax Credit includes installation costs.
More Information
·
Solar Panels (Photovoltaic Systems)
Solar Panels or
Photovoltaic Systems are solar cells that capture light energy from the sun and
convert it directly into electricity.
Requirements
Photovoltaic systems must provide electricity for
the residence, and must meet applicable fire and electrical code requirement.
More Information
·
Yes, Solar Water Heaters
can qualify for a tax credit.
How much:
|
30% of the cost (including installation/labor costs), with no
upper limit.
|
Timing:
|
Tax credit in effect in through 2016. Must be installed in a
home you own and use as a residence (no rentals, but second homes qualify)
between January 1, 2006 and December 31, 2016.
|
Details:
|
At least half of the energy generated by the solar water heater
("qualifying property") must come from the sun.
Homeowners may only claim spending on the solar water heating
system property, not the entire water heating system of the household.
The system must be certified by the Solar Rating and
Certification Corporation (SRCC).
The water must be used in the dwelling.
The credit is not available for expenses for swimming pools or
hot tubs.
|
Find
qualified models:
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How to apply:
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