ENERGY STAR distinguishes energy efficient products which may cost more to purchase than standard models, but will pay you back in lower energy bills within a reasonable amount of time, even without a tax credit. Not all ENERGY STAR certified products qualify for a tax credit. How do I apply for a Federal Tax Credit?
2015 Federal Tax Credits
Tax Credit: 30% or cost with no upper limit
|Geothermal Heat Pumps|
|Small Wind Turbines (Residential)|
|Solar Energy Systems|
Tax Credit: Credit Details: 30% of the cost, up to $500 per .5 KW of power capacity.
|Fuel Cells (Residential Fuel Cell and Microturbine System)|
2014 Federal Tax Credits
The Tax Increase Prevention Act of 2014 extended through December 31, 2014, tax credits for some energy efficiency measures that previously expired at the end of 2013. The eligible incentives cover residential energy efficiency improvements, builder incentives for energy efficient new homes, and energy efficient new and retrofitted commerical buildings for measures installed by December 31, 2014. See 2014 Federal Tax Credits.