Today I want to share the tax credits available for people making energy efficient home upgrades. Regardless of your political affiliation, you probably don’t enjoy paying taxes. You probably don’t enjoy paying utility bills either. This list is for you!! The items on this list will give you tax credits, and save you money each month on your utility bills!

2010 Tax Credits:

  1. Biomass Stoves
  2. Ventilation and HVAC upgrades
  3. Insulation (Attic)
  4. Roofs
  5. Water Heaters (both solar and non-solar)
  6. Windows and Doors

The above are up to $1500

  1. Geothermal Heat Pumps (really cool stuff!)
  2. Small Wind Turbines
  3. Solar Energy Systems

The above are 30% of cost with no upper limit

  1. Fuel Cells for heating/energy (up to $500)

Of course you can still get a credit for buying a Hybrid Car, or converting your HEV to a PHEV. So, these are the federal tax credits, but what about state tax credits for efficiency? Most USA readers are from Texas or California, so we’ll look at those two specifically.

Texas 2010 Tax Credits:

One of the best tax credits you can get in Texas is a property tax exemption. So, you will be delighted to know that any renewable energy upgrade to your home is exempt from property tax. So, if (when) it increases the value of your home, it will not effect the value for property tax purposes. You can also view local incentives (by county or energy company here).

California Tax Credits:

In sunny California you can receive several tax credits for installing a solar energy system on your house. Once again, there are many more local initiatives and credits available and listed here.

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