5 Highlights of the 2011 Federal Energy-Efficiency Credits

On December 17, President Obama signed into law a new tax bill that includes several credits for energy-efficient products and upgrades. Here’s what you can look forward to:

  • The tax credit for consumers who purchase qualified energy-saving products remains for 2011, but the incentive was reduced to the original 10% up to $500
  • Other included provisions are:
    • Window incentives to $200
    • Oil and gas furnace and boiler incentives to $150-200
    • Water heater and wood heating system incentives to $300
  • Qualifications to use the credit for oil furnaces and boilers and gas boilers were set at 95% efficiency, up from the 90% efficiency in current credit
  • The tax credit for highly energy-efficient appliances was extended for one year
  • For people looking to build, the $2,000 federal tax credit for builders making energy-efficient homes was extended
  • For homeowners living in Hamilton County, Ohio or in Kentucky, these credits are on top of other incentives, such as reduced financing rates and energy credits, available through the Greater Cincinnati Energy Alliance and the Kentucky Home Performance program

Act now to take advantage of these incentives, or schedule a consultation to find the right options for you, contact the building energy experts at Tiburon Energy at 513-681-9300.

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