25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 1

Federal Tax Credits: Energy Efficiency

Tax Credits for Consumers

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 2

Two Tax Credit Cycles

• 2009-2010– 30% of Cost up to $1500– Primary Residence Only– Some include installation costs

• Thru 2016– 30% of Cost (No Upper Limit)– Primary & Second Homes

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 4

2009-2010

• Existing Houses Only

• Installation Costs Not Covered– Windows & Doors– Insulation– Roofs

• Installation Costs Covered– HVAC Equipment– Water Heaters (non-solar)– Biomass Stoves

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 8

HVAC Equipment: Air Conditioners

• Split-System (common in houses)– SEER 16 & EER 13

• Package Systems (common in hotels)– SEER 14 & EER 12

• Comments– Air Handler will probably need to be replaced too– Savings may be better with lower SEER systems

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 14

Through 2016

• Existing Houses & New Construction

• All Installation Costs Covered– Geothermal Heat Pumps– Solar Panels– Solar Water Heaters– Small Wind Energy Systems– Fuel Cells

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 15

Geothermal Heat Pumps

• Same criteria as ENERGY STAR– Closed Loop EER 14.1, COP 3.3– Open Loop EER 16.2, COP 3.6– Direct Expansion EER 15.0, COP 3.5

• Comments– Installation may not be possible in subdivisions

because trucks & other equipment will tear up yards, including neighbors

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 20

How Do I Get the Tax Credit?

• Placed in Service– 1 Jan 09 - 31 Dec 10– 1 Jan 09 - 31 Dec 16

• Manufacturer Certification Statement– Encouraged to be on manufacturers websites– Collect it from installer

• IRS Form 5695

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 21

More Information

• ENERGY STAR Website– Federal Tax Credits for Energy Efficiency

• www.energystar.gov/index.cfm?c=tax_credits.tx_index

25 August 2009 Home InSight

Solving the Case of the Mysterious Home Condition 22

To Get Desired Benefits . . .

• Air Seal Building Envelope– Walls– Floors– Ceilings / Rooflines

• Add Effective Insulation– Walls, Floors, Ceilings/Rooflines– Attic Kneewalls

• Consider a Home Performance Assessment