Posts Tagged ‘Federal Tax Credit for Energy Efficiency’

1 Jan

2022, 2023 Federal Solar Tax Credit – Solar Rebate

Posted by Norman F, January 1st, 2023

Last Update: January 2023

solar panel, solar energy
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2023 continues the very popular residential Solar Federal Tax Credit or Investment Tax Credit first enacted in 2009.  With the new credit, you can claim up to 30% of solar power costs for a new solar electric system off your Federal taxes. Existing homes & new construction qualify. Both principal residences and second homes qualify. Rental properties do not qualify. 

In August 2022, Congress passed an extension of the ITC, raising it to 30% for the installation of which was between 2022-2032. (Systems installed on or before December 31, 2019 were also eligible for a 30% tax credit.) Read the rest of this entry »

21 Jan

Federal Tax Credit for Energy Efficiency on GeoThermal Heat Pump

Posted by Norman F, January 21st, 2012

geo thermal heat pump

GeoThermal Heat Pumps are devices which transfer the heat from the Earth and utilize it to warm your house in a energy efficient manner.

A reminder that there is a Federal Tax Credit for Energy Efficiency on Qualifying GeoThermal Heat Pumps, with no cap. If you have been thinking about replacing these items, you might as well upgrade now and save some money.

For 2012, the Federal Tax Credit for energy efficiency for GeoThermal heat pumps is 30% of the cost (including installation/labor costs), with no upper limit . (2010 Federal Tax Credit information) Read the rest of this entry »

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