Tax Credits

Call us for details about the following tax credits.

TAX CREDITS FOR CONSUMERS*

Existing Homes and New Construction
Tax credits are available at 10% of the cost up to $500 through 2013 for:

• Furnace or Boiler
  (Natural Gas, Propane, Oil) – $150
     – 95% Efficiency
• Air Conditioner – $300
     – 16 SEER / 13 EER
• Heat Pump – $300
     – 15 SEER / 12.5 EER / 8.5 HSPF
• Advanced Circulating Fan – $50
     – Variable Speed
• Electric Heat Pump Water Heater – $300
     – Energy factor of at least 2.0
• Natural gas, propane, or oil water heater – $300
     –Either an energy factor of at least 0.82 or a thermal efficiency of at least 90 percent

Tax credits are available at 30% of the cost, with no upper limit through 2016 for:

• Geothermal Heat Pumps
• Solar Water Heating -
  At least half of the energy generated by the “qualifying property” must come from the sun. Homeowners may only claim spending on the solar water heating system property, not the entire water heating system of the household. The credit is not available for expenses for swimming pools or hot tubs. The water must be used in the dwelling. The system must be certified by the Solar Rating and Certification Corporation (SRCC).
• Solar Panels (Photovoltaic Systems) -
  Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement.

*This information is not intended as tax advice. Contact your tax professional to determine your eligibility.

TAX DEDUCTIONS FOR COMMERCIAL BUILDINGS

For more information about the tax credits that are available, please visit the www.EnergyStar.gov website.