|What About Those Energy-Efficiency Tax Credits?|
The American Recovery and Reinvestment Act of 2009 (ARRA) increases (from $500 in 2007) the energy tax credit for homeowners who make energy efficient improvements to their existing homes, raising the amount to 30% or up to $1,500 toward qualifying improvements placed in service in 2009/2010.
What About Storm Windows?
I know I'm supposed to be using storm windows/doors with my historic house, but I've heard rumors that they don't qualify.
Q: Do storm windows/doors qualify for the $1,500 tax credit?
Q: Are all storm windows/doors eligible?
While some manufacturers are marketing their products in conjunction with the tax credit, others are not because the performance standard is difficult to substantiate for all cases. Some are listing classes of exterior windows (single pane, double pane, low-E coating, etc.) that a product may be combined with to be eligible in specific climate zones.
Q: What do I need to claim the tax credit?
Federal Energy Efficiency Tax Credits
The 30% federal tax credit is available for homeowners who make energy-efficiency improvements to their existing homes in 2009/2010. Generally, qualifying items must be EnergyStar certified, and include
Full details are available at energystar.gov/taxcredit.
The National Trust for Historic Preservation's Weatherization Guide offers advice on implementing these items in older homes. (And see below for Preservation Magazine's Weatherizing for Winter video.)
North Carolina Renewal Energy Tax Credit
The state of North Carolina also offers a 35% tax credit for commercial, residential and multi-family buildings utilizing renewable energy systems. The credit has varying maximum amounts for different technologies and can be carried forward over five years. Qualifying technologies include, among others,
Full details are available online at the Database of State Incentives for Renewables and Efficiency.
The DSIRE website also lists all the NC state and local incentives for renewables and efficiency improvements.
As always, it is important to consult with your personal tax adviser for advice and assistance with these and all tax-incentive programs.
Preservation Magazine: Weatherizing for Winter