Federal Incentives for Renewable Energy

Tax Credits for Real Estate and Home Owners

• Solar Hot Water and PV Systems (Energy Star government site)
Amount: 30% cost of system, up to $2000
Date: In service from Jan 1, 2006 to Dec 31, 2008

• Home Improvments (Energy Policy Act of 2005)
Amount: Maximum of $500 for combined improvements (Consumer Guidance)
Date: Jan 1, 2006 tyo Dec 31, 2007

Summary of Tax Credits of Homeowners

Tax Credits for Manufacturers

• Manufacturers of energy efficient clothes (ENERGY STAR 2007 specs.)
• Manufacturers of energy efficient dishwashers (ENERGY STAR 2007 specs.)
• Refridgerators (greater than 2001 federal standards)

 

Tax Credits for Commercial Buildings

• Building owners and designers
Amount: Up to $1.80/ft2 for systems that save at least 50% heating
and cooling energy
Date: In service from Jan 1, 2006 to Dec 31, 2008

• Building systems: envelop, lighting, or heat and coolintg systems
Amount: Up to $0.60/ft2
Date: In service from Jan 1, 2006 to Dec 31, 2008

• Helpful Links:
Consumer Guidance
Commercial Buildint Tax Deduction Coalition
Energy Star Info for Tax Deduction

• Additional Links:
Energy Policy Act of 2005
Department of Energy
Tax Incentive Assitance Project


Federal Grants

• Search for relevant grant postings at this site (www.fedgrants.gov)