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Alternative Energy System Tax Credits

 

 

  • General Credit Amount
    • Federal: 30% of cost*
    • State: Cost, up to $500 per taxpayer** 
  • Federal alternative energy system credit applies to:
    • property placed into service prior to January 1, 2017
    • existing and new home construction

 *Credit for fuel cells cannot exceed $500 for each 0.5 kilowatt of capacity

**Credit for geothermal heat systems up to $1,500

 

FAQs for ARRA Energy Credit

Comparison of Federal and State Tax Credits for Homeowners 

Home Energy Tax Savings Improvement Calculator