FEDERAL and STATE REBATES

FEDERAL REBATES:
On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This law extends the tax credits for energy efficiency into 2011, BUT at lower levels. The levels revert back to those in effect in 2006 and 2007, which were 10% of the cost of the improvement, up to $500, with a $200 max for windows, and several other set maximums.

NOTE: Tax credits that were 30% up to $1,500 EXPIRED on December 31, 2010

STATE REBATES:
Products may also qualify for state and local rebates, please go to www.dsireusa.org for more information.

Massachusetts announces a New Pilot Residential Rebate Program For Solar Hot Water.
(The rebate announced (1/7/11) will amount to approximately $1,000 per system for a typical residential solar hot water system for a four to five person household, with additional rebates available for system components manufactured in Massachusetts.)

Boiler - Maximum 30% of installation and up to $150 out of total “Lifetime” credit of $500

Water Heater - Maximum 30% of installation and up to $300 out of total “Lifetime” credit of $500

Solar Water Heater - 30% of the full purchase and installation price without a limitation cap

FEDERAL Guidelines

• IRS defines "placed in service" as when product is ready and available for use.
• 2010 Tax Credit - Heater must be “placed in service” between 1/1/2009 -12/31/2010 (filed with 2010 taxes by April 18, 2011).
• During the 2011 Tax Credit - Heater must be “placed in service” between 1/1/2011 -12/31/2011
• Water heater must be installed in or on the taxpayer’s principal residence in the United States.
• The tax credit is ONLY available for existing homes.
• Maximum amount that a taxpayer may claim.
• During 2011 the maximum amount that a taxpayer may claim for all qualifying energy efficient home improvements including the purchase and installation of a water heater is $500 over the lifetime of the credit
• During the 2009-2010 period the maximum amount that a taxpayer may claim for all qualifying energy efficient home improvements including the purchase and installation of a water heater is $1,500 over the lifetime of the credit
• Water heaters installed in 2008 are not eligible for the tax credit.

How to Claim Your FEDERAL Tax Credit

Heaters must be purchased between qualifying dates.
File IRS Form 5695 with your 2010 taxes and consult a tax professional for further details.

• 2010 must be filed by April 18, 2011
• 2011 must be filed by April 15, 2012
  

Retain your receipt of purchase along with a copy of the Heat Transfer's Certification.
Manufacturer's Certification Statement for Boiler Installations in year 2009-2010
Manufacturer's Certification Statement for Water Heater Installations in year 2009-2010
Manufacturer's (Munchkin) Certification Statement
Manufacturer's (Pioneer) Certification Statement

 

How to Claim Your STATE Tax Credit

Products may also qualify for state/ local rebates, visit: www.dsireusa.org for more information.

 

Frequently Asked Questions?

View questions and answers

 

Helpful Links For More Information

www.energystar.gov
(ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy helping us all save money and protect the environment through energy efficient products and practices.)

www.aceee.org
(American Council for an Energy-Efficient Economy)