Sunday, February 17, 2013

2013 Energy-Saving Tax Credits: Part 3 of 3

Homeowners taking advantage of renewable energy can qualify for savings of up to 30 percent of equipment cost; rentals and second homes are not eligible for these Consumer Energy Efficiency Tax Credits.

Be sure to take a look at part 1 and part 2 of PGI’s 3 part series on 2013 Energy-Saving Tax Credits.

Fuel Cells

A fuel cell is device that converts the chemical energy from a given fuel into electricity through a chemical reaction with oxygen or another oxidizing agent. Enabling the use of hydrogen technologies to power your home, residential fuel cells offer a safer, cleaner and more efficient alternative to gasoline and fossil fuels. Residential fuel cells have the potential to revolutionize the way we power our homes and the nation– recently becoming a more affordable and practical approach to saving energy. To quality for the Fuel Cell tax credit, the system much meet an efficiency level of at least 30 percent and must have a capacity of at least 0.5 kW. This credit includes installation costs.

Additional Credits

Apart from Fuel Cells, Solar Energy Systems, Geothermal Heat Pumps and Small Wind Turbines, tax credits may be available for the following:

  • Insulation materials or systems meeting the 2009 International Energy Conservation Code (IECC) and Amendments
  • Energy Star Qualified windows, doors, and skylights
  • Metal roofs with appropriate pigmented coatings and asphalt roofs with appropriate cooling granules meeting Energy Star requirements
  • Biomass Fuel Stoves with a thermal efficiency rating of at least 75 percent
  • Energy Star Qualified central air conditioning systems

For more information on 2013 Energy-Saving Tax Credits, visit the the Energy Star website.

Source: http://powergenerationinc.com/2013-energy-saving-tax-credits-part-3-of-3/

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