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Tax Credits

There are significant “Renewable Energy Tax Credits” for 30% of the costs of major energy installations. These credits are unlimited, and include labor on installation for the following:

  • Solar Water Heaters
  • Solar Panels
  • Geothermal Heat Pumps
  • Small Wind Turbines
  • Fuel Cells

The 30% credits decline through 2021, and are as follows:

  • 2017: 30%
  • 2018: 30%
  • 2019: 30%
  • 2020: 26%
  • 2021: 22%

The installations must be installed in a home you own and use as a residence (no rentals, but second homes qualify).

Federal tax credits available for high efficient furnace and air conditioners:
Tax Credit: 10% of cost up to $500 or a specific amount from $50-$300.
Expires: December 31, 2020
Details: Must be an existing home & your principal residence. New construction and rentals do not apply.

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