How Much Are The Energy Tax Credits?

The Energy Tax Credit is offered to those that purchase an energy-efficient product or renewable energy system for your home. Energy Tax Credits vary depending on what type of product you buy and when it was bought. They typically fall into  3 Categories:

  • 30% of Cost up to $1500 - Expires December 31st, 2010
    • Biomass Stoves
    • Heating & Air Conditioning
    • Insulation
    • Roofs (Metal & Asphalt)
    • Water Heaters (non solar)
    • Windows & Doors
  • 30% of Cost with no upper limit - Expires December 31st, 2016
    • Geothermal Heat Pumps
    • Small Wind Turbines (Residential)
    • Solar Energy Systems
  • 30% of Cost, up to $500 per .5 kW of power capacity - Expires December 31st, 2016
    • Fuel Cells (Residential & Micro-turbine)

You will find an overview of all the federal tax credits for energy efficiency by visiting the www.EnergyStar.gov Web site for a listing of the what you need to know before you buy and before you file for your Energy Tax Credit.

Have a Question about how the Energy Tax Credit will effect your Tax Returns, please contact us.

Want to Learn More about Energy Tax Deductions, 
Visit www.EnergyStar.gov or contact Makara and Associates.

This information is based on facts, assumptions and representations as stated and authorities that are subject to change.  We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.

LEGAL NOTICE AND DISCLAIMER:  The information within this web site is for informational and educational purposes only and is not tax advice and should not be used as such.  The facts of each individual situation can have significantly different outcomes when applying tax law.  The hiring of a CPA is an important decision not to be based solely on advertisements.

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