Federal Tax Credits for Consumer Energy Efficiency:
If you purchase an energy-efficient product or renewable energy system for your home in Louisiana and surrounding areas, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency.
Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.
What You Need to Know
What is included in the Federal Tax Credit?
Tax Credit:
10% of cost up to $500
Expires:
December 31, 2013
Details:
How do I Qualify?
- Must be an existing home & your principal residence.
- Heating, Ventilating, Air Conditioning (HVAC)
- Insulation
- Roofs (Metal & Asphalt)
- Water Heaters (non-solar)
- Windows & Doors
Tax Credit:
- 30% of cost with no upper limit
- Expires: December 31, 2016
Details:
- Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
- Geothermal Heat Pumps
- Small Wind Turbines (Residential)
- Solar Energy Systems
Tax Credit:
- Credit Details: 30% of the cost, up to $500 per .5 kW of power capacity
- Expires: December 31, 2016
How do I apply for my Federal Tax Credit?
A certified energy auditor can file program rebates
www.energystar.gov
Entergy Smart Program offers incentives for Weatherization of your home:
- .2478 rebate per s.f. for attic insulation
- .1713 rebate per s.f. for wall insulation
- .2315 rebate per s.f. for floor insulation (spray foam qualifies here)
- $150 per 500cfm air-infiltration reduction of home
- $175 per 1000kwh reduction
An Energy Audit is required to receive the following rebates by a licensed professional and must be a listed state contractor.
Federal HomeStar Program: Star America legislation was enacted on December 8, 2009 by President Obama. The legislation proposes a new program that would reimburse homeowners up to $12,000 in spending on home energy efficiency improvements. Check with your local and state entities for operating programs in your area. |