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Home Owners
Home Improvements for existing residences must be "place in service" between January 1, 2009 and December 31, 2010 to be eligible for the Tax Credit. Those improvements under the cap of $1500 must be placed in the primary residence, whereas, improvements without an upper cap may be placed in second or rental homes as well.
Manufacturer's Certification Statement and receipts are required for record purposes. IRS tax form 5695 (2009 return) must be completed to receive the Tax Credits.
Additional Tax Credits available for Owner/Builder's of New Homes.
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Existing Home Improvements
30% Tax Credit up to $1500
New Roofing
Attic, Floor or Wall Insulation
Windows (EnergyStar specifics)
Doors (Energy Star specifics)
HVAC
Water Heaters
BioMass Stoves
| Existing Home Improvements
30% Tax Credit
No Upper Limit
Geothermal Heat Pumps
Solar Panels
Solar Water Heaters
Small Wind Energy Systems
Fuel Cells
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Builders of New Homes
New homes do not qualify for Home Improvement Tax Credits; however, eligible contractors may be apply for Tax Credit based on the overall energy efficiency of the new structure.
A contractor may be eligible for a $2000 Tax Credit if the home achieves a 50% energy savings for heating and cooling beyond the 2004 International Energy Conservation Code (IECC) or $1000 for a home that achieves 30% energy savings beyond the 2004 IECC. At least 1/5 or 1/3 of the savings, respectively, must be accomplished through the improved building envelope.
IRS tax form 5695 (2009 return) must be completed to receive the Tax Credits.
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