HOME ENERGY EFFICIENCY IMPROVEMENT TAX CREDITS
2011 Federal Tax Credits for Consumer Energy Efficiency
NOTE: Tax credits that were 30% up to $1,500 EXPIRED on December 31, 2010. New tax credits were passed, but at lower levels.
Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.
What is included in the Tax Credit?
Tax Credit: 10% of cost up to $500 or a specific amount from $50 - $300
Expires: December 31, 2011
Details: Must be an existing home & your principal residence. New construction and rentals do not qualify.
How do I apply for my Federal Tax Credit?
For products "placed in service" in 2011, you need to file the 2011 IRS Form 5695 and submit it with your 2011
taxes (by April 15, 2012).
On the 1040 form the residential energy tax credit (from Form 5695) is claimed on line 52.
What you need to submit and save:
Save your receipts and the Manufacturer's Certification Statement for your records.
Submit Form 5695 with your taxes.
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