Tax Credits
Up to $1500 Tax Credit
The American Recovery and Reinvestment Act of 2009 signed on February 17, 2009 by the President has made significant changes to homeowner tax credits for specified energy-efficient home improvements including qualifying residential water heaters, heating and air conditioning equipment and insulation. The credit has been increased from 10% to 30% with a maximum of $1500.00.
Biomass Stoves Tax Credit
Tax Credits are available at 30% of the cost, with no upper limit through 2016 (for existing homes & new construction) for:
Geothermal Heat Pumps
Solar Water Heaters
**Please note, not all ENERGY STAR qualified homes and products qualify for a tax credit. These tax credits are available for a number of products at the highest efficiency levels, which typically cost much more than standard products. If, for whatever reason, you decide not to purchase a products covered by the tax credit, you may still consider purchasing an ENERGY STAR products. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.
