2015 Federal Energy Tax Credits | Energy Star Rebates | Residential Credits
The federal tax incentives for energy efficiency expired on December 31, 2013.
Four tax credit incentives remain in place and unchanged from the prior law:
- Plug-in electric drive vehicles scheduled to extend until 12/31/16.
- Combined heat and power systems scheduled to extend until 12/31/16.
- On-site renewable energy systems including ground-source heat pumps, scheduled to extend until 12/31/16.
- Fuel cells and microturbines scheduled to extend until 12/31/16.
According to EnergyStar.gov, a tax credit can be claimed for 30% of the cost of installing a geothermal heat pump, small wind turbine or solar energy system in your home. The credit has no upper limit and applies to both existing homes and new construction, but not to rental properties. This credit is good until Dec. 31, 2016. You can also get a credit of up to 30 percent of the cost of residential fuel cells, up to $500 per .5kW of power capacity. This credit is also available until Dec. 31, 2016.