These 13 Home Energy Tax Credits Expire in 2016

At the end of 2016, the clock runs out on several federal tax credits for homeowners who made energy upgrades during the year. A tax credit reduces the amount of tax owed, so it's different from a tax deductionrebate, or refund.

Use Energy Saver's reference list below to see if you are eligible for qualifying credits when filing IRS Tax Form 5695 with your taxes. Bonus points for having your receipts and manufacturer's certification statement on hand!

HOME EFFICIENCY IMPROVEMENTS

First-time claimers of the Residential Energy Efficiency Tax Credit can get as much as $500 back for qualifying installations in 2016. Follow the links below to review specific requirements for each product. Remember that to claim the credit, all products must have been placed in service by December 31, 2016.

BUILDING ENVELOPE IMPROVEMENTS
HEATING, COOLING AND WATER-HEATING EQUIPMENT

HOME RENEWABLE ENERGY SYSTEMS

Thanks to the Residential Renewable Energy Tax Credit, you can get a tax credit of 30% for the cost of adding these renewable energy technologies to your house: 

*In the headline, we promised 13, and then gave you 15. That's because the tax credit for home solar PV and water heating systems doesn't expire for another five years, but the percentage you can claim gradually drops off after 2019. Now is the time to start planning your solar energy system! 

So there you have it—the 15 home energy efficiency and renewable energy tax credits that can be claimed when you file your federal tax return before April 18, 2017. There are too many to list here, so be sure to check for state or local incentives too.

Happy saving!

Originally posted on Energy.gov.

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Comment by Eddie Charette on December 28, 2016 at 3:04am

Building envelopes or building shell, fabric or enclosure is critical in determining how much energy is required for heating and cooling. It's impact on energy consumption cannot be underestimated. It is 50% in cold climates and over 60 % in the residential sub sector in cold climate countries. Building are responsible for more than one-third of global energy consumption. They save up to 6 exajoules in 2050 under the 2 degree Celsius scenario. Above all they improve occupant comfort and the quality of life of millions of citizens. There are few other options not mentioned in this blog like the lower cost automated dynamic shading and glazings, more durable and lower cost reflective roof materials and reflective coatings. These days even normal folks are quite aware of the importance of energy efficiency due to environmental and economic concerns. It also helps them save money. These days consumers check for the energy start and ratings for the best energy efficient windows Check this useful article on http://northtechwindows.ca/2016/10/03/consider-selecting-energy-eff... .

Powering our homes with renewable energy would save money and help the environment. They include rooftop solar panels,wind turbines, solar ovens, hydro power, and solar water heating, solar air conditioning. 

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