Summary of Federal Tax Credits for Energy Efficiency

Below is a summary of many of the tax credits available to consumers. Please see the ENERGY STAR page onFederal Tax Credits for Energy Efficiencyfor more details on federal incentives and theDatabase of State Incentives for Renewables and Efficiency(DSIRE) for information on federal, state, local, and utility incentives.

HOME ENERGY EFFICIENCY IMPROVEMENT TAX CREDITS
Consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in existing homes can receive a tax credit for 30% of the cost, up to $1,500, for improvements “placed in service” starting January 1, 2009, through December 31, 2010. See EnergyStar.gov’sFederal Tax Credits for Energy Efficiencyfor a complete summary of energy efficiency tax credits available to consumers.

RESIDENTIAL RENEWABLE ENERGY TAX CREDITS
Consumers who install solar energy systems (including solar water heating and solar electric systems), small wind systems, geothermal heat pumps, and residential fuel cell and microturbine systems can receive a 30% tax credit for systems placed in service before December 31, 2016; the previous tax credit cap no longer applies.

 

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