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Federal Energy Tax Credits: Eligible Products (purchased in 2006 or 2007)

Insulation
Windows
Water heaters
Furnaces
Storm doors
Solar water heater
Heat-reducing metal roofs
Additional information

Insulation
The Energy Policy Act provides for a 10 percent tax credit.

 Texas New Home IECC Building Envelope Requirements

Windows
Single-paned windows (even those of high quality and in good repair) should have storm windows.
A wood or metal frame storm window provides a second layer of glass and dead air space between the panes to retain the heat.
Double-paned windows are optimal.
The Energy Policy Act provides for as much as a $200 tax credit.

Water heaters
Water heating accounts for a large percentage of the energy consumed in your home.
You can reduce your monthly water heating bills by installing a new, energy efficient water heater.
The Energy Policy Act provides for as much as a $300 tax credit.

Furnaces
Having a furnace that runs efficiently saves you money and is safer.
The Energy Policy Act provides for as much as a $150 tax credit for a highly efficient furnace or broiler.

Storm doors
A storm door helps save energy because it reduces the amount of cold air that can rush into your home when you open the exterior door.
The Energy Policy Act provides for as much as a $500 tax credit.

Solar water heater
Reduce energy used while heating water.
The Energy Policy Act provides for a 30 percent tax credit.

Heat-reducing metal roofs
Any metal roof having pigmented coatings specifically designed to reduce heat gain, which meet Energy Star program requirements.
The Energy Policy Act provides a maximum tax credit of $500.

Additional information
There is also a 30 percent tax credit for expenditures for qualified solar water heating property and qualified photovoltaic property, subject to certain requirements.
The maximum solar credit is $2,000. Additionally, there are credits available for energy efficient vehicles, such as hybrids and alternative fuel vehicles.

General Tax Credit Information

More details on eligibility requirements

Review answers to common questions

General Disclaimer: The tax information contained on this web site is only provided for general educational information purposes. It is not meant to express any legal or tax opinion or advice for your individual situation, whether personal, business or otherwise. Your individual situation may not fit the scenario discussed. If you want to know if and how this tax information might affect your individual situation, you should contact your tax advisor.

Tax Advice Disclaimer: To ensure compliance with requirements imposed by the IRS under Circular 230, we inform you that if there was any tax advice contained on this Web site, it was not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code or promoting, marketing or recommending to another party any transactions or matters addressed herein.

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