Federal Tax Credit Informatoin
What is Included in the Federal Tax Credit?
Tax Credit: 30% of cost up to $1500.00
Expires: December 31, 2010
Details: Must be an existing home & your principle residence. New construction and rentals do not qualify.
- Biomass Stoves
- Heating, Ventilating, Air Conditioning (HVAC)
- Insulation
- Roofs (Metal & Asphalt)
- Water Heaters ( non-solar)
- Windows & Doors
Tax Credit: 30% of cost with no upper limit
Expires: December 31, 2016
Details: Existing homes & new construction qualify. Both principle residences and second homes qualify.
Rentals do not qualify
- Geothermal Heat Pumps
- Small Wind Turbines (residential)
- Solar Energy Systems
Tax Credit: 30% of the cost, up to $500.00 per .5 kw of power capacity
Expires: December 31, 2016
Details: Existing homes & new construction qualify. Must be your principle residence.
Rentals and second homes do not qualify.
- Fuel Cells (Residential Fuel Cell and Micro Turbine System)
How do I apply for the tax credit? What tax forms do I need for the energy efficiency tax credits?
Tax Form: For products placed in service in 2009, you need to file the 2009 IRS form 5695 and submit it with your 2009 taxes (by April 15, 2010).
On the 2009 1040 form the residential energy tax credit (from form 5695) is claimed on line 52. For products placed in service in 2010, you would take the tax credit on your 2010 income taxes.
What you need to submit and save: Save your receipts and the Manufacturer's Certification Statement for your records. Submit form 5695 with your taxes.
*Information provided is from the Energystar.gov website*