Get tax credits for your energy-efficient purchases
Why? Some energy-efficient products may cost a bit more than less efficient alternatives, but they often pay for themselves over time through lower annual energy costs. Purchasing an energy-efficient product could make you eligible for a federal tax credit. This means your investment will start paying back much more quickly!
How it works:
- You can get a federal tax credit of 30% of the purchase price. For some products, there is a limit of $500, and for others, there is no limit.
- The credit expires December 31, 2016 — be sure to make your purchases before then!
- Find details on eligibility and learn how to apply for your credit on the ENERGY STAR® website.
What to look for:
- Geothermal heat pumps
- Small wind turbines
- Solar energy systems, including photovoltaic panels and solar water heaters
Visit www.energystar.gov to find eligible products and learn how to get credit for your energy-efficient purchase. Consult your tax advisor for more information.