WHAT QUALIFIES?
Federal tax credits for buying an energy-efficient product or renewable energy system for your home are available. Here are some examples of what's covered by the various credits. For more information, go to http://www.energystar.gov/.
The tax credit gives you 30% of the cost up to $1,500 for:
- biomass stoves
- heating, ventilating, air-conditioning
insulation - roofs (metal and asphalt)
- water heaters (non solar)
- windows and doors
The credit expires Dec. 31 and applies only to existing homes and principal residences. A tax credit of 30% with no upper limit is for:
- geothermal heat pumps
- small wind turbines
- solar energy systems
The credit expires Dec. 31, 2016, and applies to new and existing homes. Principal residences and second homes qualify, but not rental properties.
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