tax credits for energy efficiency website

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 1

Federal Tax Credits: Energy Efficiency

Tax Credits for Consumers

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 2

Two Tax Credit Cycles

• 2009-2010– 30% of Cost up to $1500– Primary Residence Only– Some include installation costs

• Thru 2016– 30% of Cost (No Upper Limit)– Primary & Second Homes

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 4

2009-2010

• Existing Houses Only

• Installation Costs Not Covered– Windows & Doors– Insulation– Roofs

• Installation Costs Covered– HVAC Equipment– Water Heaters (non-solar)– Biomass Stoves

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 8

HVAC Equipment: Air Conditioners

• Split-System (common in houses)– SEER 16 & EER 13

• Package Systems (common in hotels)– SEER 14 & EER 12

• Comments– Air Handler will probably need to be replaced too– Savings may be better with lower SEER systems

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Through 2016

• Existing Houses & New Construction

• All Installation Costs Covered– Geothermal Heat Pumps– Solar Panels– Solar Water Heaters– Small Wind Energy Systems– Fuel Cells

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Solving the Case of the Mysterious Home Condition 15

Geothermal Heat Pumps

• Same criteria as ENERGY STAR– Closed Loop EER 14.1, COP 3.3– Open Loop EER 16.2, COP 3.6– Direct Expansion EER 15.0, COP 3.5

• Comments– Installation may not be possible in subdivisions

because trucks & other equipment will tear up yards, including neighbors

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 20

How Do I Get the Tax Credit?

• Placed in Service– 1 Jan 09 - 31 Dec 10– 1 Jan 09 - 31 Dec 16

• Manufacturer Certification Statement– Encouraged to be on manufacturers websites– Collect it from installer

• IRS Form 5695

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Solving the Case of the Mysterious Home Condition 21

More Information

• ENERGY STAR Website– Federal Tax Credits for Energy Efficiency

• www.energystar.gov/index.cfm?c=tax_credits.tx_index

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 22

To Get Desired Benefits . . .

• Air Seal Building Envelope– Walls– Floors– Ceilings / Rooflines

• Add Effective Insulation– Walls, Floors, Ceilings/Rooflines– Attic Kneewalls

• Consider a Home Performance Assessment