Frequently Asked Questions
What is the tax credit?
Homeowners can receive a federal energy tax credit for energy saving projects
they do around their home in 2009 and 2010 for up to 30 percent of the
qualifying product cost (or a maximum of $1,500 for taxable years 2009 and
2010).
What energy efficient products qualify for the Energy Tax Credit?
Products from the following categories may qualify for the Energy Tax Credit:
energy efficient doors, windows, skylights, roofing, insulation, HVAC, and water
heaters. For complete details and eligibility please see the
Consumer Energy
Tax Credit information from the Department of Energy.
Are installation costs applied to the credit?
The credit applies on the price of the qualified product only. Installation
costs, on-site preparation, assembly and sales tax are not covered by the Energy
Tax Credit.
What is a Manufacturer's Certification Statement?
A Manufacturer's Certification Statement is a statement signed by the
manufacturer that certifies that the product qualifies for the tax credit.
Do I
get the Energy Tax Credit for new home construction?
New construction does not apply for this specific energy tax credit. This
credit applies to replacement and remodeling only.
How do I get my tax credit?
First, you'll need to purchase and install eligible energy efficient
product(s) prior to the 12/31/2010 deadline. For residential doors, the
manufacturer will provide you with a certificate for your records - which you
should keep along with your sales receipt. You may claim your tax credit when
you file your 2009 or 2010 taxes. For detailed questions about your taxes,
please contact your tax specialist or accountant.
Are there any additional local rebates?
Local utilities across the country provide additional incentives for the
purchase of energy efficient products. Visit the
ENERGY STAR® Rebate Finder to
determine what programs are available in your area.
Where can I find the Energy Tax Credit form(s) I'll need to complete?
The federal government has made the 2009 IRS Form 5695 available. Just
click here to download the form, or go directly to
www.irs.gov. The 2010 form will be available shortly.
Can I apply the $1500 Tax Credit to more than one item?
Even if you purchase multiple products, you can only get a maximum of $1,500
over the 2-year period (2009 & 2010). Basically, you can spend up to $5,000
during this 2 year period on a single or multiple products, and get 30% or
$1,500 (30% of $5,000 = $1,500) back as a tax credit. If you get the entire
$1,500 credit in 2009, then you can't receive this credit in 2010.
Where can I learn more about the Energy Tax Credit?
Visit www.energystar.gov to learn more about the energy efficiency tax
credits. Visit www.irs.gov to learn more about the economic Stimulus Plan
(American Recovery and Reinvestment Act of 2009).
What is the NFRC?
The National
Fenestration Rating Council is the only federally recognized entity for
determining and rating the energy performance of doors, windows and skylights.
For more information, please visit the NFRC web site.