Federal Tax Credits for Consumer Energy Efficiency

If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency.

Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.

Tax Credit:
30% of cost up to $1,500
December 31, 2010
Must be an existing home & your principal residence. New construction and rentals do not qualify.

There are 3 types of water heaters covered by the tax credit.

1) Gas, Oil, and Propane Water Heaters (including tankless)

2) Electric Heat Pump Water Heaters

3) Solar Water Heaters

Water heaters NOT eligible for the tax credit:

  • Electric storage tank water heaters
  • Electric tankless water heaters

Contact ProServe for more details and to get your equipment installed before the deadline.  You can also check http://www.energystar.gov for all of requirements and restrictions.

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