Let Uncle Sam Help Pay for Energy Efficiency Improvements
The $8,000 New Home Buyer Tax Credit (along with the Cash-for-Clunkers) may have dominated the headlines recently, but some energy efficiency Tax Credits offered by the federal government could be even more useful for the average homeowner. You may be eligible for a tax credit equal to 30 percent of the cost of materials (up to $1,500) for certain products purchased between January 1, 2009 and December 31st, 2010.
Below are the rating specifications for eligible energy efficiency products:
|Product Category||Product Type||Tax Credit Specification|
|Insulation||Insulation||Meets 2009 IECC & Amendments|
|Windows & Doors||Windows, Doors, and Skylights||Before June 1, 2009:|
Must meet ENERGY STAR criteria
After June 1, 2009:
U factor <= 0.30
SHGC <= 0.30
|Storm Windows & Storm Doors||In combination with the exterior window over which it is installed: |
- has a U-factor and SHGC of 0.30 or below
- Meets the IECC
|Roofing||Metal Roofs, |
|All ENERGY STAR qualified metal and reflective asphalt shingles|
|HVAC||Central A/C||Split Systems:|
SEER >= 16, EER >=13
SEER >= 14, EER >= 12
|Air Source Heat Pumps||Split Systems:|
HSPF >= 8.5, EER >= 12.5, SEER >= 15
HSPF >= 8, EER >= 12, SEER >= 14
|Natural Gas or Propane Furnace|
AFUE >= 95
AFUE >= 90
|Gas, Propane, or Oil Hot Water Boiler|
AFUE >= 90
|Advanced Main Air Circulating Fan||No more than 2% of furnace total energy use.|
|Water Heaters||Gas, Oil, Propane Water Heater||Energy Factor >= 0.82|
or a thermal efficiency of at least 90%.
|Electric Heat Pump Water Heater||Same criteria as ENERGY STAR: Energy Factor >= 2.0|
|Biomass Stove||Biomass Stove|
Stove which burns biomass fuel to heat a home or heat water.
Thermal efficiency rating of at least 75% as measured using a lower heating value.
|Geo-Thermal Heat Pump||Geo-Thermal Heat Pump|
Same criteria as ENERGY STAR:
EER >= 14.1, COP >= 3.3
EER >= 16.2, COP >= 3.6
EER >= 15, COP >= 3.5
|Solar Energy Systems||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).
|Photovoltaic Systems||Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement.|
|Small Wind Energy Systems||Residential Small Wind Turbines||Has nameplate capacity of not more than 100 kilowatts. |
|Fuel Cells||Residential Fuel Cell and microturbine system|
Efficiency of at least 30% and must have a capacity of at least 0.5 kW.