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The Existing Home Retrofit Tax Credit (Tax Code Section 25C): Tax credits are available at 30 percent of the cost, up to a $1,500 lifetime limit, for installation in 2009 & 2010 (for existing homes only) of these products:
Building envelope components (Installation costs not included):
- Insulation material or system
- Exterior window, skylight, door, storm window or storm door with a U factor of .3 or below
- Metal or asphalt roofs that resist heat gain
Qualified energy products (Installation costs may be included)
- Electric heat pump water heaters that yield an energy factor of at least 2.0 in the standard Department of Energy test procedure
- Electric heat pumps and central air conditioners that achieve the highest efficiency tier established by the Consortium for Energy Efficiency as of Jan. 1, 2009
- Natural gas, propane or oil water heaters with an energy factor of at least .82 or thermal efficiency of at least 90 percent
- Biomass burning stoves with a thermal efficiency rating of at least 75 percent as measured using a lower heating value
- Natural gas and propane furnaces that achieve an annual fuel utilization efficiency rate of not less than 95
- Natural gas, propane, or oil water boilers and oil furnaces that achieve an annual fuel utilization rate of not less than 90
- Advanced main air conditioning fans with annual electricity use of no more than 2 percent of the total annual energy use of the furnace
The Wind, Solar, Geothermal and Fuel Cell Tax Credit (Tax Code Section 25D): Tax credits are available at 30 percent of the cost, with no cap through 2016, for existing homes and new construction, for:
- Geothermal Heat Pumps
- Solar Panels
- Solar Water Heaters
- Small Wind Energy Systems
- Fuel Cells
For more details and information on amount of credits check out the
National
Association of Home Builders' comprehensive article. |
