Tax Credit For Energy Efficient Homes or Additions

If you are looking to upgrade your home please consider upgrading with energy efficient items. These upgrades will save you money on your utility bills and give you a few tax breaks. Homes that are energy efficient can possibly even get you discounts at your local utility companies. This could be different from company to company. The tax credits however are listed below.

Tax credits are available at 30% of the cost, up to $1,500 total, in 2009 & 2010 (ONLY for existing homes, NOT new construction, that are your principle residence) for:
· Windows and Doors
· Insulation
· Roofs (Metal and Asphalt)
· HVAC
· Water Heaters (non-solar)
· Biomass Stoves

Tax credits are available at 30% of the cost, with no upper limit, through 2016 (for existing homes & new construction - it does not have to be your principle residence, vacation homes are eligible).
· Geothermal Heat Pumps
· Solar Panels
· Solar Water Heater
· Small Wind Energy Systems

Tax credits are available at 30% of the cost, up to $500 per .5 kW of power capacity, through 2016 (for your existing principle residence or new construction that will be your principle residence, DOES NOT include vacation homes) for:
Fuel Cells

Renters are not eligible for any of the tax credits.

See energystar.gov/taxcredits for details.