Install Energy Star – qualified insulation, windows, doors, roofing, heating and cooling systems, water heaters or fuel-efficient stoves in your primary residence. You may be able to receive a federal tax credit for 30 percent of the cost, up to $1,500 for products put in service in 2009 and 2010. However, ADDITIONAL tax credits are available through 2016 for 30% of the cost of qualified geothermal heat pumps, solar panels, solar water heaters, small wind energy systems and fuel cells installed on existing homes or new construction. AND THERE’S NO CAP! We successfully received a 30% tax credit for a geothermal heat pump system we installed for our home/office/studio. We’d be glad to share our story.
Not all Energy Star products qualify for tax credits. Go to energystar.gov/taxcredits to fine out.