Federal Energy Efficiency Tax Credits have not been renewed by the Government for 2012. Please write your local congressman and ask them to renew them or come up with a new and better plan. Below are the 2011 Federal Energy Efficiency tax credits which may help you with your 2011 taxes. Federal tax credits for renewable energy are still available. They are listed at the bottom of this page.
These tax credits can be used for new windows, new hvac system, insulation, water heaters and much more. A brief description of how the rebates are structured is included below. Take advantage of these rebates before they expire. Have Eco Performance Builders incorporate these great incentives into your energy and comfort retrofit. If you’ve utilized $500 or more in federal energy efficiency tax credits since 2005 you are not eligible. This program expires December 31st of 2011.
There is also a 30% tax credit for renewable energy. So your new solar hot water, solar electric or wind turbine can be 30% compensated by Uncle Sam. The renewable tax credit isn’t set to expire until December 31st, 2016.
Insulation
10% of the material cost of insulation products up to $500. Eligible items include:
-Attic, wall and floor insulation
-Weatherstripping
-Spray foam and caulking designed to air seal
-House wrap
Heating Ventilation and Air Conditioning
-High efficiency central A/C with a SEER rating of 16 for split systems and 14 for packaged systems
Tax credit amount $300
-High Efficiency Furnace with an efficiency rating of 95%
Tax credit amount $150
-Advanced main air circulating fan
Tax credit amount $50
Windows, doors and skylights
10% of the product cost is available for windows, doors and skylights with a cap of $200 toward windows. Please contact us for details on what products qualify.
Water Heaters
-Gas, oil or propane water heaters with an energy factor of .82 or a thermal efficiency of 90%
-Electric heat pump water heaters
Tax credit amount $300
Renewables
-Photovoltaic Systems (Solar Electric) = 30% of total cost
-Wind: = 30% of total cost
-Solar Water Heating = 30% of total cost
-Geo thermal heat pump = 30% of total cost
note: Renewables do not have a cap on total credit
