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 Energystar - Tax Credits
Database of State Incentives for Renewables & Efficiency (DSIRE)
CT Clean Energy Options
Connecticut Clean Energy Fund
There is no maximum credit for systems placed in service after 2008. The maximum credit is $2,000 for systems placed in service in 2008.
Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016.
The geothermal heat pump must meet federal Energy Star program requirements in effect at the time the installation is completed.
The home served by the system does not have to be the taxpayer’s principal residence.
Significantly, The American Recovery and Reinvestment Act of 2009 repealed a previous limitation on the use of the credit for eligible projects also supported by "subsidized energy financing." For projects placed in service after December 31, 2008, this limitation no longer applies.
Residential Renewable Energy Tax Credit
Last DSIRE Review: 02/19/2009
| Incentive Type: | | Personal Tax Credit |
| Eligible: | | Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat, Renewable/Other Pumps, Other Solar Electric Technologies |
| Applicable Sectors: | | Residential |
| Amount: | | 30% |
| Maximum20Incentive: | | Geothermal heat pumps placed in service in 2008: $2,000 Geothermal heat pumps placed in service after 2008: no maximum |
| Carryover Provisions: | | Excess credit may be carried forward to succeeding tax year |
| 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) |
| Date Effective: | | 1/1/2006 |
| Expiration Date: | | 12/31/2016 |
| Authority 2: | | IRS Form 5695 & Instructions: Residential Energy Credits |
Details to be available soon.
On February 17, 2009, President Obama signed into law the historic American Recovery and Reinvestment Act of 2009. As a result of this act, the federal government announced tax credits for consumers who purchase qualifying high-efficiency heating and cooling products for their homes.
For a limited time, anyone who purchases a qualifying ENERGY STAR®-compliant, high-efficiency HVAC product in 2009 or 2010 will receive a tax credit worth 30% of upgrade costs, up to a $1,500 credit.
It's the perfect opportunity to upgrade your home with an energy-efficient heating and cooling system plus get a major tax break too!
Air Perfect Inc. can help you with system combinations that qualify for federal tax credits.
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