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What’s up with the federal energy efficiency tax credits?

5 January 2011

Didn’t get around to installing that insulation before the New Year?  The good news is that there are federal tax credits available for energy efficiency improvements in 2011!  The rules have changed, however, so make sure you review them carefully before you embark on any project:

The new credit is 10% of qualified energy efficiency improvements up to $500.  For some improvements there are special credit limits:

  • High efficiency furnaces and boilers (95% AFUE): $150
  • ENERGY STAR Windows: $200
  • High efficiency water heaters: $300

One big change from last year is that if you have claimed $500 or more of a federal tax credit for energy efficiency upgrades at any point since January 1st, 2005, you are not eligible for the 2011 extension – you can only claim this credit you have never received it before or if you haven’t met the $500 total cap.

Questions?  Visit the Center for Energy and Environment website for more information about rebates and financing in your area.

:: Tax Incentives Assistance Project (TIAP)

2 Comments leave one →
  1. Sean permalink
    21 December 2013 4:48 am

    Greetings! Very helpful advice within this article!

    It’s the little changes that make the greatest changes.
    Thanks a lot for sharing!


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