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Tax Credits Available For Home Improvements
  • must be "placed in service" from January 1, 2009, December 31, 2010
  • must be for taxpayer's principal residence, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, and small wind energy systems (where second homes and rentals qualify)
  • $1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016
  • must have a Manufacturer Certification Statements to qualify
  • for record keeping, save your receipts and the Manufacturer Certification Statement
  • improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010
  • If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters.

DOWNLOAD IRS FORM NO. 5695
RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT

Windows & Doors  |  Roofing  |  Insulation  |   HVAC  |  Water Heaters  |  Bio-Mass Stove  |  Geo-Thermal Heat Pumps
Solar Energy Systems | Small Wind Energy Systems  |  Fuel Cells

Summary of Tax Credits for Home Improvements
Product Category
    
Product Type
Tax Credit Specification
Tax Credit
Notes
Window & Doors   Exterior Windows and Skylights U factor <= 0.30
SHGC <= 0.30

30% of cost,
up to $1,500

 Not all ENERGY STAR labeled windows and skylights qualify for tax credit.
    Storm Windows Meets IECC in combination with the exterior window over which it is installed, for the applicable climate zone

30% of cost,
up to $1,500

 Manufacturer Certification Statement will list classes of exterior window (single pane, clear glass, double pane, low-E coating, etc.) that a product may be combined with to be eligible in specific climate zones.
    Exterior Doors U factor <= 0.30
SHGC <= 0.30

30% of cost,
up to $1,500

 Not all ENERGY STAR doors will qualify.
    Storm Doors

In combination with a wood door assigned a default U-factor by the IECC, and does not exceed the default U-factor requirement assigned to such combination by the IECC

30% of cost,
up to $1,500

 
Roofing   Metal Roofs & Asphalt Roofs ENERGY STAR qualified

30% of cost,
up to $1,500

All ENERGY STAR metal and asphalt roofs qualify for the tax credit.

Must be expected to last 5 years OR have a 2 year warranty.

Insulation   Insulation Meets 2009 IECC & Amendments

30% of cost,
up to $1,500

For insulation to qualify, its primary purpose must be to insulate (example: insulated siding does not qualify).

Must be expected to last 5 years OR have a 2 year warranty

HVAC   Central AC Split Systems:
EER >=13
SEER >= 16

Package systems:
EER >= 12
SEER >= 14

30% of cost,
up to $1,500

For a list of qualified products, go to the Consortium for Energy Efficiency prodcut directory, click on Air Conditioners, then in the “CEE Tier” enter “Residential Advanced Tier 3” for CAC Split Systems, and "Residential Tier 2" for CAC Package Systems and ASHPs.

Note — not all ENERGY STAR products will qualify for the tax credit.

    Air Source Heat Pumps Split Systems:
HSPF >= 8.5
EER >= 12.5
SEER >= 15

Package systems:
HSPF >= 8
EER >= 12
SEER >= 14

30% of cost,
up to $1,500
    Natural Gas or Propane Furnace AFUE >= 95

30% of cost,
up to $1,500

  
    Oil Furnace AFUE >= 90

30% of cost,
up to $1,500

Not all ENERGY STAR products will qualify for the tax credit.

    Gas, Propane, or Oil Hot Water Boiler AFUE >= 90

30% of cost,
up to $1,500
    Advanced Main Air Circulating Furnace No more than 2% of furnace total energy use.

30% of cost,
up to $1,500
Water Heaters   Gas, Oil, Propane Water Heater Energy Factor >= 0.82
or a thermal efficiency of at least 90%

30% of cost,
up to $1,500

All ENERGY STAR gas tankless water heaters will qualify.

There are currently no ENERGY STAR qualified gas storage tank or gas condensing water heaters that qualify.
    Electric Heat Pump Water Heater Same criteria as ENERGY STAR: Energy Factor >= 2.0

30% of cost,
up to $1,500

 All ENERGY STAR electric heat pump water heaters qualify for the tax credit.
Bio-Mass Stove   Bio-Mass Stove

Stove which burns biomass fuel to heat a home or heat water.

Thermal efficiency rating of at least 75% as measured using a lower heating value

30% of cost,
up to $1,500
Geo-Thermal Heat Pump   Geo-Thermal Heat Pump

Same criteria as ENERGY STAR:

Closed Loop:
EER >= 14.1
COP >= 3.3

Open Loop:
EER >= 16.2
COP >= 3.6

Direct Expansion:
EER >= 15
COP >= 3.5

30% of cost

All ENERGY STAR geo-thermal healt pumps qualify for the tax credit.

Use IRS Form 5695

Must be "plcaed into service" before December 31, 2016.
Solar Energy Systems   Solar Water Heater

At least half of the energy generated by the “qualifying property” must come from the sun. Homeowners may only claim spending on the solar water heating system property, not the entire water heating system of the household.

The credit is not available for expenses for swimming pools or hot tubs.

The water must be used in the dwelling.

The system must be certified by the Solar Rating and Certification Corporation (SRCC).

30% of cost

All ENERGY STAR solar water heaters qualify for the tax credit.

Use IRS Form 5695

Must be placed in service before December 31, 2016.
    Photovoltaic Systems Photovoltaic systems must provide electricity for the residence, and must meet applicable fire and electrical code requirement.

30% of cost

Use IRS Form 5695

Must be placed in service before December 31, 2016.
Small Wind Energy Systems   Residential Small Wind Energy Systems  

30% of cost

Use IRS Form 5695

Must be placed in service before December 31, 2016.
Fuel Cells   Residential Fuel Cell and Microturbine System Efficiency of at least 30% and must have a capacity of at least 0.5 kW.

30% of cost
Up to $500 per .5 kW of power capacity

Use IRS Form 5695

Must be placed in service before December 31, 2016.

IECC - Either the 2001 Supplement of the 2000 International Energy Conservation Code or the 2004 Supplement of the 2003 International Energy Conservation Code.

Subject to a $1,500 maximum per homeowner for all improvements combined.

A Manufacturer’s Certification is a signed statement from the manufacturer certifying that the product or component qualifies for the tax credit. The IRS encourages manufacturers to provide these Certifications on their website to facilitate identification of qualified products. Taxpayers must keep a copy of the certification statement for their records, but do not have to submit a copy with their tax return.

Additional information on exterior window features may be viewed at Anatomy of an Energy Efficient Window.

Biomass Fuel means any plant-derived fuel available on a renewable or recurring basis, including agricultural crops and trees, wood and wood waste and residues (including wood pellets), plants (including aquatic plants), grasses, residues, and fibers.

The IRS defines "placed in service" as when the property is ready and available for use.

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