Federal Tax Credits for Consumer Energy Efficiency
- Tax Credit: 30% of cost with no upper limit
- Details: Existing homes & new construction qualify. Both and second homes qualify. Rentals do not qualify.
- *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.
*Small Wind Turbines (Residential): A wind turbine collects kinetic energy from the wind and converts it to electricity that is compatible with a home's electrical system.
*Solar Energy Systems: Solar water heaters come in a wide variety of designs, all including a collector and storage tank, and all using the sun's thermal energy to heat water. Solar water heaters are typically described according to the type of collector and the circulation system.
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- Tax Credit:
Credit Details: 30% of the cost, up to $500 per .5 kW of power capacity
- Details:
Existing homes & new construction qualify. Must be your . Rentals and second homes do not qualify.
Fuel Cells (Residential Fuel Cell and Microturbine System): Fuel cells are an important enabling technology for the hydrogen economy and have the potential to revolutionize the way we power our nation, offering cleaner, more-efficient alternatives to the combustion of gasoline and other fossil fuels.
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Go to: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index to learn more about the advantages of the above mentioned systems for your new home.
