Tax Credits for Homeowners
Special federal tax credits for energy-efficient home improvements and appliances can help drive down the cost of many home-renovation projects, depending on eligibility under IRS rules. Here are some of the programs available; for more information, go towww.EnergySavers.gov/taxcredits.
- Approved energy-efficient roofing, heating and ventilation systems, insulation, windows and doors installed in existing homes between Jan. 1, 2009, and Dec. 31, 2010, may qualify for federal tax credits of 30% of the purchase price, up to $1,500.
- Some energy systems—such as Energy Star solar water heaters and photovoltaic systems and residential small wind turbines—installed by Dec. 31, 2016, in new and existing primary homes may qualify for federal tax credits of 30%, with no upper limit. (Vacation homes are eligible for partial credit.)
- State-administered energy-efficient home-appliance rebate programs may cover refrigerators, boilers, room air conditioners and dishwashers. States decide which appliances are eligible for rebates ranging from $50 to $250, and for how much. Consumers can expect the programs to begin in late 2009 or early 2010, depending on the state.
- U.S. Department of Energy
