Tax Incentives
Tax credits are available for many types of home improvements including high efficiency heating equipment. Before you buy a new water heater, you need to see if yours qualifies for a tax credit.
Tax Credit: 30% of cost up to $1,500.
Expires: December 31, 2010.
Details: Must be an existing home and your principal residence. New construction and rentals do not qualify.
To learn more about the Federal Tax Credits for Energy Efficiency (Energy Star Products) visit this link.
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. Requirements: 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.
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.
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.
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.
How to apply
Boiler FAQs
Natural Gas or Propane Furnace
A furnace uses the combustion of fuel and air to create heat.
How to apply
Gas Furnace FAQs
Oil Furnace
A furnace uses the combustion of fuel and air to create heat.
How to apply
Oil Furnace FAQs
Gas, Oil, Propane Water Heater
Water heating can account for 14%–25% of the energy consumed in your home.
How to apply
Gas, Oil, Propane, Water Heaters FAQs
Electric Heat Pump Water Heater
Water heating can account for 14%–25% of the energy consumed in your home.
How to apply
Water Heaters FAQs
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.
How to apply
Geothermal Heat Pump FAQs
To Learn More About These and Other Tax Incentives...
To learn more about Federal Tax Credits for all Energy Efficiency products, incentives and their requirements, please visit www.endergystar.gov for more info. We have a link provided for you directly to the tax incentive page. |