Incentive Type:
|
Personal Tax Credit
|
Eligible Renewable/Other Technologies:
|
Solar Water Heat, Photovoltaic, Wind, Fuel
Cells, Geothermal Heat Pumps, Other Solar
Electric Technologies
|
Applicable Sectors:
|
Residential
|
AMOUNT:
|
30%
|
Maximum Incentive:
|
Solar-electric systems placed in service
before 1/1/09: $2,000
Solar-electric systems placed in service after
12/31/08: no maximum
Solar water heaters placed in service before
1/1/09: $2,000
Solar water heaters placed in service after
12/31/08: no maximum
Wind turbines placed in service in 2008:
$4,000
Wind turbines placed in service after
12/31/08: no maximum
Geothermal heat pumps placed in service in
2008: $2,000
Geothermal heat pumps placed in service
after 12/31/08: no maximum
Fuel cells: $500 per 0.5 kW
|
Carryover Provisions:
|
Excess credit may be carried forward to
succeeding tax year
|
Eligible System Size:
|
Fuel cells: 0.5 kW minimum
|
Equipment/Installation Requirements:
|
Solar water heating property must be
certified by SRCC or by comparable entity
endorsed by the state in which the system is
installed. At least half the energy used to
heat the dwelling's water must be from solar.
Geothermal heat pumps must meet federal
Energy Star requirements. Fuel cells must
have electricity-only generation efficiency
greater than 30%.
|
Authority 1:
|
26 USC § 25D
|
Date Enacted:
|
8/8/2005 (subsequently amended)
|
Effective Date:
|
1/1/2006
|
Expiration Date:
|
12/31/2016
|
Authority 2:
|
H.R. 1424 (The Energy Improvement and
Extension Act of 2008)
|
Date Enacted:
|
10/3/2008
|
Effective Date:
|
1/1/2008
|
Expiration Date:
|
12/31/2016
|
Authority 3:
|
H.R. 1: Div. B, Sec. 1122 (The American Recovery
and Reinvestment Act of 2009)
|
Date Enacted:
|
2/17/2009
|
Effective Date:
|
1/1/2009
|
Authority 4:
|
IRS Form 5695 & Instructions: Residential Energy
Credits
|
Contact:
|
|
Public Information - IRS
Internal Revenue Service
1111 Constitution Avenue, N.W.
Washington, DC 20224
Phone: (800) 829-1040
Web site: http://www.irs.gov
|
|
| |
|
| |
|
| |
|
