Tick Tock! Time is Running Out!

Time is running out to give yourself the gift of energy efficiency for this holiday season AND to benefit when you file your 2011 federal tax return. December 31, of this year may be the last time you can take advantage of these credits since Congress may not renew them in 2012.

Not only will you be able to take advantage of the tax benefits for these energy efficient improvements, but over the long haul, these will save you money on your home energy and improve your home’s comfort level.

Learn more about the how the tax credits work.

What Does The Credit Apply To?

Five basic energy efficiency upgrades are among the six items that are eligible for the tax credit:

  • Insulation
  • Windows, doors and skylights
  • Non-solar water heaters
  • Metal and asphalt roofs
  • HVAC systems
  • Biomass stoves

Check out this easy chart to see the value of each item’s tax credit, and which installed upgrades qualify under the eligibility criteria:

Improvement Value of Credit Eligibility Criteria
Insulation or insulating material 10% of cost Meets the criteria required by the2009 International Energy Conservation Code
Exterior window or skylight 10% of cost, up to $200 Meets ENERGY STAR requirements
Exterior door 10% of cost Meets ENERGY STAR requirements
Metal roof with pigmented coating, or asphalt roof with cooling granules 10% of cost Meets ENERGY STAR requirements
Advanced main air circulating fan $50 Electricity use of no more than 2% of total energy used by the furnace
Natural gas, propane, or oil furnace, or hot water boiler $150 Annual fuel utilization efficiency(AFUE) rate not less than 95
Electric heat pump water heater $300 Energy factor of at least 2.0
Electric heat pump $300 Meets the highest efficiency tier set by the Consortium for Energy Efficiency for 2009: SEER of at least 15, an EER of at least 12.5, and an HSPF of at least 8.5
Central air conditioner $300 Meets the highest efficiency tier set by the Consortium for Energy Efficiency for 2009: SEER of at least 16 and an EER of at least 13 for most air conditioners
Natural gas, propane or oil water heater $300 Energy factor of at least .82 or athermal efficiency rating of at least 90%
Biomass stove $300