Are there any energy credits available for residences?
The act reinstated the nonbusiness energy property credit for property placed in service in 2009. The pre-Act credit expired at the end of 2007. There is no credit for 2008. A credit of up to $500 is available for qualified energy efficiency improvements or qualified residential energy property expenditures. Eligible improvements include: insulation, exterior windows, including skylights, exterior doors, metal roofs with cooling pigment, asphalt shingles with cooling granules, electric heat pumps, furnaces, central air conditioners, stoves using biomass fuel to heat water or residence, and natural gas, propane or oil heaters. A qualified solar electric property is capped at $2000 for 2008 but the cap is removed for 2009-2016 and is 30% of the cost of the qualified property.
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- Are there any energy credits available for residences?
