Federal income tax credits for purchasing qualifying windows, doors, heat pumps, central air conditioners, water heaters and other qualifying energy property for a primary residence end on December 31, 2010 (unless otherwise renewed by Congress). Qualifying property installed in a primary residence (and is operational) by that date qualifies for a federal income tax credit of up to $1,500 (30% of up to maximum $5,000 used to purchase qualifying items).
Credits for certain other types of energy property continue through 2016. Examples include certain solar, wind, and geothermal systems.
In accordance with IRS Circular 230, no information in this article is considered a “covered opinion” or other written tax advice and cannot and should not be relied upon for IRS audit, tax dispute, or any other purpose.
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