subject: Tax Relief – Energy Credits [print this page] Homeowners will receive the tax credits for energy efficient improvements to their purchases if the products purchased under certain energy criteria. Ten percent to meet the credit for improvements, or exceed the International Energy Conservation Code (and amendments) and are in the taxpayer's principal residence within the United States been installed.
Insulation to reduce heat loss / gain, up to $ 500
Exterior windows and skylights, untilup to $ 500
Exterior doors, up to $ 500
Some metal roofs, up to $ 500
In addition, credits for the cost of energy installed in homes emergent properties given. The properties should, however, to meet the certification requirements of the Treasury Department.
The loans include:
$ 50 for each advanced main circulating fan
$ 150 per natural gas, propane or oil furnace or hot water boiler
$ 300 per property other energy efficient products such as air conditioning
The maximumallowable tax credit for both years is $ 500, but not more than $ 200 can be credited to the expenses for windows.
Tax credit for solar systems installed solar water heaters or fuel-fired power plants in taxpayers' principal residences. The approved fuel cell plant makes electricity from the fuel by electrochemical process has only electricity generation efficiency of over 30%, and generates electricity by at least 0.5 kilowatts.
A credit equalto 30% of the cost of the solar panel is allowed up to $ 2,000. Credit for a solar water heater is also allowed, but the system can not be used to heat a pool or bathtub. The power plant is responsible for 30% tax credit of up to $ 500 per 0.5 kilowatt of electric capacity into account.
