Energy Star Tax Credits
If you purchase energy star products for your new home (remodels are not included and the new home must be your primary residence) during the year of 2010, you can earn a tax credit of 30% of the cost, up to $1500. Qualifying Energy Star products for this tax credit include:
- Windows (including sliding glass doors, garage doors, storm doors and storm windows)
- Insulation
- Roofs (asphalt and metal)
- Heating and cooling (central air conditioners, air source heat pumps, furnaces and boilers)
- Water heaters (gas, oil, propane and electric heat pump)
- Biomass Stoves
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Other tax credits are available for new homes and remodels with no upper limit at 30% of the cost. (It does not have to be the primary residence). Qualifying Energy Star products for this tax credit are:
- Ggeothermal Heat Pumps
- Solar Panels
- Solar Water Heaters
- Small Wind Energy Systems
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Products that are not covered by the tax credit include:
- Ceiling fans
- Clothes washers & dryers
- Compact Fluorescent Light Bulbs (CFLs)
- Dehumidifiers
- Dishwashers
- Electric furnaces/boilers
- Electric storage tank water heaters
- Electric Tankless water heaters
- Evaporative Coolers (swamp coolers)
- Lighting (Light Fixtures, CFLs, LEDs)
- Ovens / Ranges
- Power Factor Correction Devices
- Programmable thermostats
- Refrigerators
- Roof coatings
- Room air conditioners
- TVs
- Toilets
- Window Treatments
- Whole house fans
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At the completion of your project, AAA Home Improvements will provide you with an invoice detailing your Energy Star products. To apply for your tax credit for 2010, you will need to take the tax credit on your 2010 taxes. Be sure to save your receipts and the Manufacturer's Certification Statement. For more detailed information, you can visit Energy Star.
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