News & Events
Energy-efficiency tax credit still available!
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This law extends the tax credits for energy efficiency into 2011; however, at lower levels. The credit allows for 10% of the cost of the improvement, up to $500, with a $200 max for windows, and several other set maximums.
Highlights:
- Furnace and boilers capped at $150, and all furnaces and boilers must meet 95 AFUE
- $50 for advanced main air circulating fan
- $300 for air conditioners, air source heat pumps, water heaters, and biomass stoves
- $500 lifetime limit. If you got over $500 in these tax credits from 2006-2010, you are not eligible for these credits.
Please consult your tax expert on any tax credit to which you may be entitled. For complete information, visit www.energystar.gov/taxcredits