Federal Tax Credits for Consumer Energy EfficiencyIf you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency.
Please note, not all ENERGY STAR qualified products qualify for a tax credit. 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. Biomass stoves burn biomass fuel to heat a home or heat water. Biomass fuel includes agricultural crops and trees, wood and wood waste and residues (including wood pellets), plants (including aquatic plants), grasses, residues, and fibers.
1. Thermal efficiency rating of at least 75% as measured using a lower heating value.
2. Tax Credit includes installation costs.
Tax Credit: 30% of cost up to $1,500
Expires: December 31, 2010
Details: Must be an existing home & your principal residence. New construction and rentals do not qualify.
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