If you buy an energy-efficient product or renewable energy system for your home, you may be eligible for a tax credit.
Below you will find an overview of the fed tax credits for energy efficiency.
What is included in the 2012 and 2013 Federal Tax Credit?
Tax Credit:30% of cost up to $1,500
Expires:Dec 31, 2016
Must be an existing home & your primary residence. New construction and rentals do not qualify.
ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.
Biomass Stoves
Biomass stoves burn biomass fuel to heat a home or heat water. Biomass fuel includes ag crops and trees, wood and wood waste and residues (including wood pellets), plants (including aquatic plants), grasses, residues, and fibers.
Requirements Thermal efficiency rating of at least 75% as measured using a lower heating value.
Tax Credit includes installation costs.
More Information How to apply Biomass FAQs Wood Burning Efficiency & Safety
Heating, Ventilating, Air Conditioning (HVAC)
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.
Must use no more than 2% of the furnace's total energy. Note: If the fan is qualified, but the furnace is not, you will not be able to take 30% off the cost of the entire furnace. Ask your HVAC contractor to break out the cost of the fan in your bill. You can get a 30% tax credit on the cost of the fan alone.
Tax Credit includes installation costs.
More Info How to apply Advanced Main Air Circulating Fan FAQs 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.
Requirements Split Systems:
HSPF ≥ 8.5
EER ≥ 12.5
SEER ≥ 15
Package systems:
HSPF ≥ 8
EER ≥ 12
SEER ≥ 14
Tax Credit includes installation costs.
See Definitions.
More Info How to apply Air Source Heat Pumps FAQs 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.
Requirements Split Systems:
SEER ≥ 16
EER ≥ 13
Package systems:
SEER ≥ 14
EER ≥ 12
Tax Credit includes installation costs.
See definitions.
More Information How to apply CAC FAQs 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.
Requirements AFUE ≥ 90
Tax Credit includes installation costs.
See definitions.
More Information How to apply Boiler FAQsNatural Gas or Propane FurnaceA furnace uses the combustion of fuel and air to create heat.
Requirements AFUE ≥ 95
Tax Credit includes installation costs.
More Info How to apply Gas Furnace FAQsOil Furnace A furnace uses the combustion of fuel and air to create heat.
Requirements AFUE ≥ 90
Tax Credit includes installation costs.
More Information How to applyOil Furnace FAQs
Insulation
Adding adequate insulation is one of the most cost-effective home improvements that you can do.
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 strippingSpray foam in a can, designed to air seal Caulk designed to air seal House wrapTax Credit does NOT include installation costs. But, you can install the insulation/home sealing yourself and get the credit.
See definitions.
More Information How to apply Insulation FAQs Insulation efficiency through Home Performance with ENERGY STAR Heat & Cool Efficiently at Home
Roofs (Metal & Asphalt)
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.
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 How to apply Roofing - Metal & Asphalt FAQs
Water Heaters (non-solar)
Gas, Oil, Propane Water Heater Water heating can account for 14%–25% of the energy consumed in your home.
Requirements Energy Factor ≥ 0.82 OR a thermal efficiency of at least 90%.
Tax Credit includes installation costs.
See definitions.
More Information How to apply Gas, Oil, Propane, Water Heaters FAQsElectric Heat Pump Water Heater Water heating can account for 14%–25% of the energy consumed in your home.
Requirements Energy Factor ≥ 2.0
Tax Credit includes installation costs.
More Information How to apply Water Heaters FAQs
Windows & Doors
Windows, Doors, Skylights Energy efficient windows, doors and skylights can reduce energy bills.
Requirements U factor <=0.30
SHGC <=0.30
Tax Credit does NOT include installation costs.
See definitions.
More Information How to apply Windows, Doors, Skylights FAQs Storm Windows & Doors A less expensive approach to replacing old windows/doors, is to use storm windows to improve energy efficiency. When installed in combination with older, less efficient window/door, storm windows/doors can enhance efficiency by creating another barrier between the interior of you home and the weather outside.
Requirements In combination with the exterior window/door over which it is installed:
U-factor and SHGC of 0.30 or below Must meet the IECC Tax Credit does NOT include installation costs.
See definitions.
More Information How to apply Storm Windows & Doors FAQs
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
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.
Tax Credit includes installation costs.
See definitions.
More Information How to apply Geothermal Heat Pump FAQs All ENERGY STAR geo-thermal heat pumps qualify for the tax credit.What about water-to-water geothermal heat pumps?
Small Wind Turbines (Residential)
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 How to apply
Solar Energy Systems
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 How to apply Solar Water Heater FAQs All ENERGY STAR Qualified solar water heaters qualify for the tax credit.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
Tax Credit:Credit Details: 30% of the cost, up to $500 per .5 kW of power capacity
Expires:Dec 31, 2016
Details:Existing homes & new construction qualify. Must be your principal residence. Rentals and second homes don't qualify.
Source....
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