Federal Tax Credit - Geothermal & Solar Hot Water

 

energy-star-logoValid: 01-01-2006 to 12-31-2016

Description:

Tax Credit:  30% of cost with no upper limit.
Geothermal heat pumps
  • There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service in 2008. 
  • Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016.
  • The geothermal heat pump must meet federal Energy Star criteria.
  • The home served by the system does not have to be the taxpayer’s principal residence.

 

Solar water-heating property

  • There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service before January 1, 2009. 
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2016.
  • Equipment must be certified for performance by the Solar Rating Certification Corporation (SRCC) or a comparable entity endorsed by the government of the state in which the property is installed. 
  • At least half the energy used to heat the dwelling's water must be from solar in order for the solar water-heating property expenditures to be eligible. 
  • The tax credit does not apply to solar water-heating property for swimming pools or hot tubs. 
  • The home served by the system does not have to be the taxpayer’s principal residence.

Get more information on the energy start website