Energy Tax Credits for 2011: What's Available

Thanks to the federal tax bill signed into law in December, there are still energy tax credits available for 2011. That's the good news. The not-so-good news is that the amounts available in 2011 have been reduced for certain improvements. From 2009 through 2010, homeowners were rewarded with a 30% tax credit for making their homes more energy efficient ($1500 maximum credit). For 2011, homeowners will receive only a 10% tax credit for home energy efficiency improvements ($500 maximum credit). Home energy credits for upgrades with renewable energy (solar/wind/geothermal) remain at 30% with no maximum limit through the year 2016. Here is what's available according to ENERGY STAR:

Home Energy Efficiency Improvements*
Insulation
Heating, Ventilation, Air Conditioning (HVAC)
Roofs (Metal & Asphalt)
Windows & Doors
Biomass Stoves
Water Heaters (non-solar)

*Tax Credit 10% of the cost up to $500 or a specific amount from $50-$300
*Expires December 31, 2011
*Must be an existing home & your principal residence. New construction and rentals do not qualify.

Renewable Energy Home Improvements*
Solar Energy Systems
Small Wind Turbines (Residential)
Geothermal Heat Pumps

*Tax Credit 30% of cost with no upper limit
*Expires December 31, 2016
*Existing homes & new construction qualify. Both principle residences and second homes qualify. Rentals do not qualify.

Fuel Cell and Microturbine Systems
Residential Fuel Cells qualify for a 30% tax credit of the cost up to .5 kW of power capacity through December 31, 2016.
Existing homes and new construction qualify. Must be your principle residence. Rentals and second homes do not qualify.

According to The Daily Green, "the 2011 home improvement tax incentives will revert to the 2005-2008 levels" where there was a $500 maximum cap. If you have already taken the $500 credit from 2005 through 2008, or, the $1500 credit for 2009-2010, you are not qualified for the new 2011 $500 tax credit. If you have claimed less than $500 from 2003 through 2010, you still have a partial credit available to you.

For more details, information, and specific requirements that must be kept in each category, visit the following websites:
Department of Energy Energy Efficiency & Renewable Energy, Energy Star Tax Credits, in North Texas GreenTex Energy Savers.

Views: 8616

Tags: Energy Improvements, Energy Tax Credits, HVAC, Insulation, Renewable Energy, Solar

Comment

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

Join Home Energy Pros

Comment by Dennis Cheslik on March 11, 2011 at 11:41am
I totally agree with you, Troy. The best thing we can hope for is somehow the "cash for caulkers" legislation gets passed through the senate in the very near future.
Comment by Troy Spindler on March 10, 2011 at 9:17pm
Again it bugs me that renewables gets the lions share of these credits when we all know that people save more energy and get a bigger 'bang for their buck' by implementing energy efficiency improvements. Energy Efficiency needs better lobbyist!
Comment by Sean Lintow Sr on March 6, 2011 at 7:57am
Well thanks for answering the one question I could never find an answer to: If you have already taken the $500 credit from 2005 through 2008, or, the $1500 credit for 2009-2010, you are not qualified for the new 2011 $500 tax credit. Thanks

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

Everblue posted an event

BPI Building Analyst and Envelope Professional Combo at OC Plaza

July 7, 2014 at 9am to July 11, 2014 at 5pm
This intense boot camp combines BPI Building Analyst and BPI Envelope Professional training into…See More
5 minutes ago
Mst. Fatema Aktar is now a member of Home Energy Pros
8 hours ago
Robert Leone added a discussion to the group Energy Auditing Equipment for Sale, Trade or to Purchase
Thumbnail

Blower Door Package for Sale

Hi,I am selling my blower door with extras as a package or individually. These items are used but…See More
15 hours ago
Profile IconRobert Leone and Richard Vito joined allen p tanner's group
Thumbnail

Energy Auditing Equipment for Sale, Trade or to Purchase

Discuss the pros and cons of the equipment you are interested in prior to purchase. Post equipment…See More
15 hours ago
Richard Vito joined Sean Lintow Sr's group
Thumbnail

Best Practices (Residential)

Best Building, Retrofitting, or even Auditing Practices - what are they, what should change, what…See More
23 hours ago
Richard Vito joined James Sayers's group
Thumbnail

Marketing Energy Efficiency

Sharing ideas, tools and examples of promoting energy efficiency to consumersSee More
23 hours ago
Richard Vito joined Allison A. Bailes III's group
Thumbnail

HVAC

HVAC design, Manuals J, S, T, & D, Duct leakage, Air flow, ENERGY STAR new home requirements,…See More
23 hours ago
Richard Vito joined Kyle Brown's group
Thumbnail

Wrightsoft - Manual J / Manual D

If you use Wrightsoft to calculate loads or design ducts, you likely have questions.  Get answers…See More
23 hours ago
Jim Gunshinan commented on Jim Gunshinan's blog post Energy Upgrade California—Up Close and Personal
"I had a revelation while attending Bruce Manclark's session of duct leak testing at the Energy…"
yesterday
George J. Nesbitt commented on Jim Gunshinan's blog post Energy Upgrade California—Up Close and Personal
"Blower Door; the 2007 test was a depressurization test, and the 2014 a pressurization test, which…"
yesterday
George J. Nesbitt replied to Kaushal Bharath Raju's discussion Affordability & Deep Energy Upgrade/Passive House Retrofit in Berkeley, California.
"Plan, plan, plan, plan. The 1st step to is to understand the house, how it's built, the…"
yesterday
George J. Nesbitt posted an event

High Performance Windows - A Panel of Experts at Pyramid Alehouse`

April 26, 2014 from 3pm to 5pm
Join a lively panel discussion on high performance windows. We'll cover some basics, as well as…See More
yesterday

© 2014   Created by Lawrence Berkeley National Laboratory.

Badges  |  Report an Issue  |  Terms of Service