Federal energy tax incentives
Below are links to the Tax Incentives Assistance Project (TIAP). Their web site is designed to give you the information you need to make use of the federal income tax incentives for energy efficient products and technologies which are passed by Congress. The most recent changes to these incentives were included as part of The American Recovery and Reinvestment Tax Act of 2009. The legislation includes several provisions relating to these incentives, most notably extending the consumer incentives through 2010 and increasing the cap on efficiency incentives from $500 to $1,500 per household. Additionally, there are several new incentives for plug-in electric vehicles. Note: We are not tax advisors and suggest you contact your tax professional before making an investment.
For consumers
- Home shell: insulation, windows, sealing
Get credits for energy improvements to your home, such as windows, insulation, and envelope and duct sealing. - Home heating and cooling equipment
Get credits for installing efficient air conditioners and heat pumps; gas or oil furnaces and furnace fans; and gas, oil, or electric heat pump water heaters. - Passenger vehicles
Credits are available to buyers of hybrid gasoline-electric, diesel, battery-electric, alternative fuel, and fuel cell vehicles. - On-site renewables
Credits are available for qualified solar water heating and photovoltaic systems, small wind and geothermal heat pump systems. - Fuel cells
Credits are available to homeowners and businesses who install qualifying systems. Fuel cells are an advanced technology to generate electricity at the site of use, but they are expensive for commercial buildings and are not widely available for home
For businesses
- Commercial buildings
Get deductions for new or renovated buildings that save 50% or more of projected annual energy costs for heating, cooling, and lighting compared to model national standards, and partial deductions for efficiency improvements to individual lighting, HVAC and water heating, or envelope systems. - Commercial vehicles
Credits are available for heavy-duty hybrid gasoline-electric vehicles. - Combined heat and power
Investment tax credit for combined heat and power systems (CHP) - On-site renewables
Tax credits for qualified solar water heating and photovoltaic systems, and for certain solar lighting systems. - Fuel cells and microturbines
These systems, which typically run on natural gas, are small power-producing systems sized to run small to medium size commercial buildings.
