There’s
good news for consumers this tax return season. As part of the Taxpayer
Relief Act, Congress has extended Federal Consumer Tax Credits for
Energy Efficiency to 2013, along with making them retroactive for 2012.
In addition, tax credits for geothermal heat pumps, small wind turbines,
solar energy systems, and fuel cells are still available through 2016.
What does this mean for you? If you purchased certain energy-efficient products during 2012, or plan to in 2013, you may be eligible for a tax credit.
You may receive a tax credit for 10% of the cost up to $500, or a
specific amount from $50-$300 for the six following product categories.
The following three product categories are eligible for a tax credit of 30% of the cost with no upper limit until December 31, 2016. These can be used on new or existing homes, and a principal residence or second home would both qualify (but not rentals).
To receive these tax credits, you will need to submit the 5695 form with your 2012 taxes. To learn more information about specific requirements for each product and applying for these tax credits, please visit ENERGY STAR®.
Visit the EnergyStar website for a detailed breakdown on window and door rebates:
http://www.energystar.gov/index.cfm?c=tax_credits.tx_index
What does this mean for you? If you purchased certain energy-efficient products during 2012, or plan to in 2013, you may be eligible for a tax credit.
You may receive a tax credit for 10% of the cost up to $500, or a
specific amount from $50-$300 for the six following product categories.- Biomass stoves
- HVAC systems
- Insulation
- Roofing (metal & asphalt)
- Water heaters (non-solar)
- Windows and doors.
The following three product categories are eligible for a tax credit of 30% of the cost with no upper limit until December 31, 2016. These can be used on new or existing homes, and a principal residence or second home would both qualify (but not rentals).
- Geothermal heat pumps
- Small wind turbines (residential)
- Solar energy systems
To receive these tax credits, you will need to submit the 5695 form with your 2012 taxes. To learn more information about specific requirements for each product and applying for these tax credits, please visit ENERGY STAR®.
Visit the EnergyStar website for a detailed breakdown on window and door rebates:
http://www.energystar.gov/index.cfm?c=tax_credits.tx_index
Call today for your free estimate: 850.224.7433
marketing@nrgindustries.com
Tallahassee's Local Builder for 30 years!
Information taken from Energy.gov
It is really good news that buying an energy saving product can make you eligible for tax credit up to 30%. It's a quite great deal to buy an energy saving product. Thanks for sharing this news.
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There is a chance you are eligible for a new solar program.
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Thanks for sharing information.
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