‎$500 Energy Efficiency Tax Credit Extended Through 2013

Posted by AFC First Financial on 01/09/2013

Homeowners in the United States can still qualify for a Federal Energy Efficiency Tax Credit of $500 through the end of 2013. 

House and Senate committees passed legislation to extend tax credits for energy efficiency improvements that were set to expire January 1, 2013. The newly extended credit will expire December 31, 2013. This tax credit was extended as part of the American Taxpayer Relief Act passed January 1, 2013. 

The tax credit is available for qualifying equipment purchased and home improvements performed between 2012 and 2013. Homeowners can receive up to $500.

Claiming the tax credit on your tax forms will require you to claim it on Form 5696 (found here) when you file your tax return. If you need assistance in doing this, contact a local tax advisor.

The credit is 10 percent of the cost of the building materials (labor excluded) for insulation, doors that meet Energy Star requirements and roofs (metal roofs with pigmented coating, or asphalt roofs with cooling granules). Other qualifying items, with the maximum tax credit are: windows ($200), central air conditioners ($300), heat pumps ($300), and furnaces ($150).

Tax Credit information can be found by visting ENERGY STAR's website.

 Source:
- Summary information can be found here, via the Database of State Incentives for Renewable Energy (DSIRE).