Alternative Energy Tax Credits Available Through 2016
If you are making, or thinking about making, certain large-scale alternative-energy improvements to your home, there’s good news for you. You can get a tax credit for 30% of the cost of these improvements. And you have plenty of time to make the improvements too — all the way through 2016. There is no limit on the tax credit for these improvements, except that they cannot exceed 30% of the cost of labor and installation.
To qualify, you must install certain types of equipment, such as solar panels, solar water heaters, wind-energy systems, fuel cells or geothermal heat pumps. More information is available on the IRS’ web site.
If you’re not making such large changes to improve your home’s energy efficiency, you may still qualify for certain tax credits for 2013. Click here for more information.