Federal Rebates
Are you wondering what tax incentives and rebates are available for your renewable energy project? Geo Thermal, Solar, Hrdronic systems and many more that we install qualify for Government Rebates, and tax incentives. Browse in the list below to see what federal rebates and tax incentives could apply to you. Or use our contact details to see what we can do for you. This list will be added to as the website grows.
Business Energy Investment Tax Credit
In general, credits are available for eligible systems placed in service on or before December 31, 2016 for the following technologies: Solar, Fuel Cells, Small Wind Turbines, Geothermal Systems, Microturbines, Combined Heat and Power (CHP).
Website: http://www.irs.gov
Energy Efficient Commercial Buildings Tax Deduction
Deductions of $0.60 per square foot are available to owners of buildings in which individual lighting, building envelope, or heating and cooling systems meet target levels that would reasonably contribute to an overall building savings of 50% if additional systems were installed. The deductions are available primarily to building owners, although tenants may be eligible if they make construction expenditures. In the case of energy efficient systems installed on or in government property, tax deductions will be given to the person primarily responsible for the systems? design. Deductions are taken in the year when construction is completed.
Website: http://www.efficientbuildings.org
Energy Efficient Mortgages
The FHA allows lenders to add up to 100% of energy efficiency improvements to an existing mortgage loan by insuring a loan of up to 5% of a home?s appraised value with certain restrictions. FHA mortgage limits vary by county, state and the number of units in a dwelling.Loan amounts may not exceed the projected savings of the energy efficiency improvements. These loans may be combined with FHA 203 (h) mortgages available to victims of presidentially-declared disasters and with financing offered through the FHA 203 (k) rehabilitation program. FHA loan limits do not apply to the EEM. Homebuyers must submit a Home Energy Rating (HER), contractor bids, and a FHA B Worksheet. This process may become streamlined in 2009 as a result of the Housing and Economic Recovery Act of 2008, which requires HUD to report to congress with ways to remove the administrative barriers and increase consumer participation and awareness of these financing options. Presently, up to $200 of the cost of the HER may be included in the mortgage, and borrowers may include closing costs and the up-front mortgage insurance premium in the total cost of the loan. The loan is available to anyone who meets the income requirements for FHA?s Section 203 (b), provided the applicant can meet the monthly mortgage payments. New and existing owner-occupied homes of up to two units qualify for this loan.
Website: http://www.resnet.us/ratings/mortgages/default.htm
Energy-Efficient New Homes Tax Credit for Home Builders
Site-built homes qualify for a $2,000 credit if they are certified to reduce heating and cooling energy consumption by 50% relative to the International Energy Conservation Code standard and meet minimum efficiency standards established by the Department of Energy. Building envelope component improvements must account for at least one-fifth of the reduction in energy consumption. Manufactured homes qualify for a $2,000 credit if they conform to Federal Manufactured Home Construction and Safety Standards and meet the energy savings requirements of site-built homes described above. Manufactured homes qualify for a $1,000 credit if they conform to Federal Manufactured Home Construction and Safety Standards and reduce energy consumption by 30% relative to the International Energy Conservation Code standard. In this case, building envelope component improvements must account for at least one-third of the reduction in energy consumption. Alternatively, manufactured homes qualify if they meet Energy Star Labeled Homes requirements.
Website: http://www.irs.gov/businesses/small/industries/article/0,,id=155445,00.html
Renewable Energy Production Incentive (REPI)
Eligible electric production facilities include not-for-profit electrical cooperatives, public utilities, state governments, Commonwealths, territories, possessions of the United States, the District of Columbia, Indian tribal governments, or a political subdivision thereof and Native Corporations. The production payment applies only to the electricity sold to another entity.Qualifying systems must generate electricity using solar, wind, geothermal (with certain restrictions), biomass,* landfill gas, livestock methane, or ocean (including tidal, wave, current, and thermal) generation technologies. Fuel cells using hydrogen derived from eligible biomass facilities are also eligible.
Website: http://www.eere.energy.gov/repi
Residential Energy Efficiency Tax Credit
The credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment. Efficiency improvements or equipment must serve a dwelling in the United States that is owned and used by the taxpayer as a primary residence. The maximum amount of homeowner credit for all improvements combined is $1,500 for equipment purchased during the two-year period of 2009 and 2010.
Website: http://www.irs.gov
Tribal Energy Program Grant
The U.S. Department of Energy’s (DOE) Tribal Energy Program promotes tribal energy sufficiency, economic growth and employment on tribal lands through the development of renewable energy and energy efficiency technologies. The program provides financial assistance, technical assistance, education and training to tribes for the evaluation and development of renewable energy resources. DOE’s Tribal Energy Program consists of program management through DOE headquarters, program implementation and project management through DOE’s field offices, and technical support through DOE laboratories. Program management for the Tribal Energy Program is carried out by DOE’s Weatherization and Intergovernmental Program, which provides programmatic direction and funding to DOE field offices for program implementation. DOE’s field offices, specifically the Golden Field Office, issue solicitations and manage resulting projects.