Home Energy Efficiency Improvement Tax Credit

How does it work?

Upgrade the energy efficiency of your primary residence

If you make certain qualified energy efficiency improvements to your primary residence in 2009 or 2010, you may be eligible for the Non-Business Energy Property Tax Credit. The improvements must be purchased and placed into service between January 1, 2009 and December 31, 2010. If the new equipment is purchased on or after February 17, 2009, it must meet the increased energy efficiency standards required by ARRA. Additional state rebates or tax incentives or utility rebates may also be available. Contact your state's energy office or visit www.dsireusa.org to learn more.

Tax credits for qualified improvements up to $1,500 for 20092010

Eligible Non-Business Energy Property improvements purchased and placed into service during 2009 or 2010 may qualify for a 30% federal tax credit. The credit can be applied for a single qualified upgrade or for multiple qualified upgrades, provided that the total credit does not exceed $1,500. If you spend $5,000 on qualified upgrades in 2009 or 2010, you will maximize this tax credit. To learn more about which products may qualify, visit www.energystar.gov. Installation costs are generally not eligible for the tax credit, except for certain HVAC upgrades.

Renewable energy improvements include solar panels and more

Certain renewable energy upgrades may qualify for the Residential Energy Efficient Property Tax Credit. Qualified improvements may include certain solar panels, solar water heaters, small wind energy systems, or geothermal heat pumps. The improvements must be purchased and placed into service between January 1, 2009 and December 31, 2016.

There is no dollar limit for the renewable energy tax credit

The 30% Residential Energy Efficient Property Tax Credit applies to qualified improvements made to existing homes or new construction. There is no maximum dollar limit for eligible renewable energy upgrades. The improvements must be purchased and placed into service between January 1, 2009 and December 31, 2016. The purchase price and installation costs are generally eligible for this tax credit. To learn more, visit www.energystar.gov. Consult your tax advisor for more details.

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NCSU DSIRE

Some energy efficiency improvements may also qualify for state tax incentives or utility rebates.
Click here to find out what incentives may be available in your area.

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The information contained herein is drawn from sources that are believed to be reliable, but it cannot be guaranteed as to completeness or accuracy. The content is not intended to be, and should not be relied upon as, tax, legal, or financial planning advice. Consult your tax advisor for specific advice.

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