Existing Homes
These provisions offer cost-based incentives of 10% of
the amount expended by the taxpayer for "Qualified Energy Efficiency
Improvements" and up to $300 for "Qualified Energy Property" up
to a maximum credit limit of $500.
"Qualified Energy Efficiency Improvements" are specifically defined as:
 | Any insulation material or system specifically designed
to reduce heat loss or gain
| Exterior windows (including skylights)
| Exterior doors
| Any metal roof having pigmented coatings specifically
designed to reduce heat gain which meet Energy Star program requirements. | |
Qualified Energy Property" is defined as:
| Electric heat pump water heater with EF of 2.0 or greater
| Electric air source heat pumps with HSPF of 9.0 or
greater
| Geothermal heat pumps:
|
Central air conditioner that receives the highest
efficiency tier established by the Consortium of Energy Efficiency as of
January 1, 2006
| Natural gas, propane or oil water heater with EF or 0.80
or greater
| Natural gas, propane or oil furnace or hot water boiler
with AFUE of 95% or greater
| Advanced main air circulating fan used in natural gas,
propane or oil furnace that uses no more than 2% of the total annual
energy use of the furnace. | |
Credit limitations on qualified energy property are as follows:
| $50 for any advanced main air circulating fan
| $150 for any qualified natural gas, propane, or oil
furnace or hot water boiler
| $300 for any item of qualified energy property. | |
The incentives apply to improvements and equipment placed in service during 2006-2007.
Residential Fuel Cells
This provision offers cost-based 30% tax credits to individuals for qualified
residential fuel cell property expenditures up to a maximum credit limitation
of $500 for each 500 watts installed capacity.
The incentives apply to equipment placed in service during 2006-2007.
Home Attics Floors New Construction Contact Information Incentives
