If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency that are still available.
Some energy efficiency federal tax credits were also available in 2009 and 2010. These can still be claimed on your 2010 taxes.
Energy Efficiency Tax Credits Available Through 2010
The products below were eligible for tax credits for energy efficiency in 2009 and 2010. These tax credits are for 30% of the cost, up to a total credit of $1,500 and must have been installed before December 31, 2010 in order to be claimed on your federal 2010 tax returns.
Items that are included: BioMass Stoves, Central HVAC, Electric Heat Pumps, Furnaces and Boilers, Advanced Main Air Circulating Fans, Insulation, Roofing, Water Heaters, Windows, Doors, and Skylights.
Click here to view more details about eligibility for these items.
How to Claim Your Tax Credit
- Claim improvements made in 2010 on your 2010 taxes, filed by April 15, 2011.
- Note: Tax forms for the 2010 tax year may not yet be available. Visit the IRS Web site to obtain the latest forms.
- Use the 2010 version of the following forms:
- For renewable and efficiency credits: IRS Form 5695.
- For alternative motor vehicle credits: IRS Form 8910.
- For qualified plug-in electric drive motor vehicle credits: IRS Form 8936
- Save your receipts and the Manufacturer Certification Statement for your records.
- For 2009 taxes, visit the IRS Web site to obtain the 2009 version of these forms.
Energy Efficiency Tax Credits Available Through 2016
Tax credits for these products are available at 30% of the cost, with no upper limit, through 2016.
These items are included: Geothermal Heat Pump, Solar Energy Systems, Wind Energy Systems, Fuel Cells.
Additional Info:
- Must be “placed in service” by Dec. 31, 2016
- Available on principal home or second home.
- New and existing homes
Vehicle Tax Credits
Tax credits are also available for some vehicles, but the credit is phased out after a certain number have been sold. There is a 60,000 vehicle limit per manufacturer before the phase-out period begins.
Included vehicles: hybrids, battery-powered, plug-in electric, advanced lean burn, fuel cell, or alternative fuel vehicles.
Click here to see which vehicles are still eligible.
You May Be Eligible for Additional Incentives
The tax credits listed here are federal tax credits. These can be combined with otherstate, local, and utility incentives.
- Visit the Database of State Incentives for Renewables and Efficiency to find out if you are eligible for other incentives.
- If you are purchasing appliances, learn about the state rebates for ENERGY STAR appliances.
Source: U.S. Department of Energy website- http://www.energysavers.gov/financial
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I had a new water heater and a new front door put in at the end of last year and didn’t realize it qualified for this credit. That is great! Looking forward to doing my taxes now
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