Federal Tax Credits available

Federal Tax Credits for Consumer Energy Efficiency

Congress has extended tax credits for those who purchase energy-efficient products or make energy-efficient home improvements to the end of 2010. Homeowners who have been been looking to upgrade their heating and cooling systems or make other energy-efficient home improvements can still get a tax credit of up to $1,500 if they make those improvements in the coming year.

According to the tax code, if you purchase an energy-efficient product or renewable energy system for your home in 2009 or 2010, you may be eligible for a federal tax credit of 30% of the cost, up to a total credit of $1,500. This tax credit applies to primary residences and existing homes only. The tax credits include purchases of certain HVAC equipment and water heaters (as well as energy-efficient windows, doors, roofing and insulation). The deadline for purchasing and placing in service is December 31, 2010.

Not every heating and cooling product qualifies for the tax credit…even if it is a high-quality, energy-efficient product or carries the ENERGY STAR label. Please visit the government's Energy Star website or talk to us to find out if you qualify.