Energy Efficient Products Eligible for Federal Tax Credits
Certain energy efficient products purchased during 2012 are eligible for a federal tax credit. You can receive a tax credit for 10 percent of the cost up to $500, or a specific amount from $50-$300 for specific product categories to include:
- Biomass stoves
- HVAC systems
- Insulation
A different set of product categories are eligible for a tax credit of 30 percent of the cost with no upper limit until December 31, 2016. These can be used on new or existing homes for the following product categories:
- Geothermal heat pumps
- Small wind turbines (residential)
- Solar energy systems