Federal Home Energy Efficiency Tax Credits 2012-2013

This 2012 and 2013 one-time tax credit offers a 10% credit of your home energy efficiency improvement costs of up to $500. Note, there is a cap on the credit amount of $500 for fiscal years 2006 through 2013 combined; if you have ever claimed this credit in the past, you cannot claim it again.

Eligible improvements must have been made to an existing home and made to your principal residence. New construction and rental properties do not qualify for this credit.

You will need to file IRS Form 5695 with your taxes.

Qualifying Energy Efficiency Improvements include:

  • Biomass Stoves
  • Heating, Ventilating, Air Conditioning (HVAC)
  • Insulation
  • Roofs (Metal & Asphalt)
  • Water Heaters (non-solar)
  • Windows & Doors

This credit expires December 31, 2013.

Renewable Systems Improvements

This tax credit offers a 30% credit of the costs of your renewable systems and has no upper limit. For this credit, existing homes and new construction both qualify. Both principal residences and second homes qualify, but rental properties do not qualify.

Qualifying Renewable Systems include:

  • Geothermal Heat Pumps
  • Small Wind Turbines (Residential)
  • Solar Energy Systems

This credit expires December 31, 2016.

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