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Federal Energy Tax Credit Q & A


Fri, Oct 16th, 2009
Posted in Government

Question: Which products are eligible for a tax credits for energy efficient home improvements? Are they available for new construction also? What about vacation homes? Rental properties?

Answer: 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 (including sliding glass doors, garage doors, storm doors and storm windows)

· Insulation

· Roofs (Metal and Asphalt)

· HVAC (See these FAQs: Central Air Conditioners, Air Source Heat Pumps, Furnaces and Boilers)

· 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, see this FAQ on rentals) for:

· 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.

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