Taxpayers can now claim a 30% tax credit towards energy related expenditures.

The American Recovery and Reinvestment Act of 2009 passed in February 2009 extends the issue of consumer energy tax incentives.

resourcesHome Energy Efficiency Improvement Tax Credits

Through December 31, 2010, homeowners who buy and install new energy efficient products can receive a 30% credit on their home improvements, up to a maximum tax credit of $1,500 per household, for the years of 2009 and 2010 combined. This tax credit applies only to existing homes that are the principal residence.

Eligible purchases include:

  • Biomass stoves
  • Heating, ventilating and air conditioning appliances
  • Insulation, non-solar water heaters
  • Metal and asphalt roofs
  • Windows and doors

Residential Renewable Energy Tax Credits

Through December 31, 2016, homeowners can receive a 30% credit on eligible energy saving improvements with no upper limit.  For residential homes you can get up to $3,000, for rental properties you can get up to $3,000 for each unit for up to four units.  At  Energy Saving and Auditing we can offer more savings by installing Geo Thermal and Solar hot water heating in your home, this will increase tax credits and rebates.  This tax credit applies to existing and newly constructed homes. Both principal and second homes qualify, but rentals do not.

Eligible improvements include:

  • Geothermal heat pumps
  • Small wind turbines (residential)
  • Solar energy systems
  • Residential fuel cell and micro-turbine systems

Energy Savings and Auditing can help you decipher your tax credit eligibility and we'll recommend appliances and services that fit your needs.

*Federal and State incentives / Programs subject to change without notice

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