PV SOLAR SYSTEMS AND SOLAR WATER HEATING SYSTEMS

Tax Credit:  30% of cost with no upper limit

Expires:  December 31, 2016

Details:

Existing homes & new construction qualify.
This credit applies to commercial properties, principal residences, and investment properties.
This does not apply to solar pool heating systems.

RESIDENTIAL HOME EFFICIENCY IMPROVEMENTS

Tax Credit:  10% of material cost up to $500 (providing you have not filed for this tax credit in prior years)

Expires:  December 31, 2016

Details:

Owners of existing homes may receive a tax credit worth 10% of the cost of upgrading the efficiency of the building’s envelope. Installation (labor) costs are not included and the credit is capped at $500 for all improvements. To be eligible for the credit, the improvement must meet the prescriptive requirements established for it under the 2009 International Energy Conservation Code (including supplements).

The following improvements are eligible for the tax credit:

  • Insulation materials and systems designed to reduce a home’s heat loss or gain.
  • Exterior doors and windows (including skylights) — no more than $200 in total credits can be claimed for windows in years 2006 – 2016 Equipment must meet version 6.0 Energy Star program requirements.
  • Pigmented metal roofs designed to reduce heat gain, and asphalt roofs with appropriate cooling granules, which are Energy Star certified.