Claim Tax Credits for Home Energy Efficiency Improvements Done in 2013

If you completed certain eligible energy efficiency improvements last year, you may qualify for credit when you file your 2013 taxes this year.

Remember, though, improvements must have been installed in 2013, not just purchased, and generally, claims can only be made on your primary residence.

Eligible measures may include doors, windows, and insulation, as well as heating, cooling, and water heating upgrades. There are additional resources to help you determine your eligibility:

Many of the tax credits for home energy improvements expired on December 31, 2013, meaning they will no longer be available in 2014.

Don’t fret! You do have options to help offset the cost of home improvements you plan to make this year:

  • First, remember that even without a tax credit, many improvements you invest in will save you money over the long run, as you’ll likely see reduced energy bills down the road.
  • Some tax credits have already been extended through 2016, including credits for geothermal heat pumps, solar photovoltaic cells, solar water heaters, and fuel cells. See this Alliance to Save Energy resource for more.
  • Another option is to seek rebates or other financial incentives beyond tax credits to help offset the cost of energy efficiency improvements to your home. Energy Impact Illinois, an alliance to help Illinois residents lower energy costs, helps you find applicable rebates and incentives. For more on Energy Impact Illinois or suggested home energy improvements, call 1-855-9-IMPACT (1-855-946-7228).
  • Further, if you purchased an eligible electric vehicle after December 31, 2009, you may be eligible for credits of up to $7,500. For more details, consult the IRS list of Qualified Plug-in Electric Drive Motor Vehicles (IRC 30D), the Alliance to Save Energy Home And Vehicle Tax Credits Resource, or the U.S. Department of Energy’s Fuel Efficient Vehicle Tax Incentive In....
  • You may also be eligible to claim a tax credit on many energy efficient appliances, including ENERGY STAR qualified models. Remember, though, not all ENERGY STAR products are eligible.
  • Lastly, stay tuned. Expired tax credits are sometimes retroactively renewed in time to file your taxes. If we hear of any that pertain to home energy efficiency improvements, we’ll post them here and on the CNT Energy Facebook page.

As we’re not tax experts at CNT Energy, please consult with your tax advisor for any further details on your particular situation.

Views: 2093

Tags: credit, efficiency, energy, improvement, tax

Comment

You need to be a member of Home Energy Pros to add comments!

Join Home Energy Pros

Home Energy Pros

Home Energy Pros was founded by the developers of Home Energy Saver Pro (sponsored by the U.S. Department of Energy,) and brought to you in partnership with Home Energy magazine.

Latest Activity

Hal Skinner replied to Hal Skinner's discussion How our ceramic based RCC works in the group Radiant Control Coatings
"Hey Tom, I will find the ORNL repoprt and post it.  It was a test on a ballasted roof sample.…"
7 hours ago
Tom Mallard replied to Hal Skinner's discussion How our ceramic based RCC works in the group Radiant Control Coatings
"So it seems that what you're saying is for heat-transfer the stuff has little resistance or…"
8 hours ago
Hal Skinner added a discussion to the group Radiant Control Coatings
Thumbnail

How our ceramic based RCC works

How our RCC worksEveryone knows, understands and accepts that RCCs reflect heat away from roofs,…See More
9 hours ago
Mike Kandel posted a discussion

Earn BPI CEUs at 3rd Annual Building Performance Forum

If you're searching for BPI CEUs, you'll find plenty at the 3rd Annual Building Performance Forum…See More
14 hours ago
Mike Kandel added a discussion to the group Building Performance Institute (BPI)
Thumbnail

Earn BPI CEUs at 3rd Annual Building Performance Forum

If you're searching for BPI CEUs, you'll find plenty at the 3rd Annual Building Performance Forum…See More
14 hours ago
Sean Lintow Sr commented on Christopher Morin's blog post UPDATED: Big Changes for Duct Testing in MA
"4% TOTAL Ted - Leakage to outside was stripped from the codes & for good reason"
17 hours ago
tedkidd commented on Christopher Morin's blog post UPDATED: Big Changes for Duct Testing in MA
"Wait!  4% total leakage or 4% leakage to outdoors? "
18 hours ago
Tom White's video was featured

Alliant Energy's PowerHouse TV: Sealing Leaky Ductwork

The PowerHouse television shows are written and produced by Alliant Energy, an energy services company based in Madison, Wis. The first PowerHouse episode was aired in September 1996 on KCRG-TV9 in Cedar Rapids, Iowa, and appears in six broadcast…
20 hours ago

© 2014   Created by Lawrence Berkeley National Laboratory.

Badges  |  Report an Issue  |  Terms of Service