2015 Federal Tax Credits
The Consolidated Appropriations Act, signed in December 2015, extended the expiration date of tax credits for some energy efficiency measures that previously expired at the end of 2014. 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, 2015. The following summarizes available information on Residential Energy Efficient Property credits and Nonbusiness Energy Property credits.
| Tax Credit: 10% of cost up to $500 or a specific amount from $50-$300. Expires: December 31, 2016 Details: Must be an existing home & your principal residence. New construction and rentals do not apply. |
| Biomass Stoves |
| Air Source Heat Pumps |
| Central Air Conditioning (CAC) |
| Gas, Propane, or Oil Hot Water Boiler |
| Gas, Propane or Oil Furnaces and Fans |
| Insulation |
| Roofs |
| Water Heaters (non-solar) |
| Windows, Doors & Skylights |
|
Tax Credit: 30% of cost with no upper limit |
| Geothermal Heat Pumps |
| Small Wind Turbines (Residential) |
| Solar Energy Systems * |
|
Tax Credit: 30% of cost with no upper limit |
| Fuel Cells (Residential Fuel Cell and Microturbine System) |