The federal government is giving Tax credits to include 30% of the cost, with no upper limit through 2016 (for existing homes & new construction)
Middle Tennessee Electric Membership Corporation offers incentives for its residential customers to inhabit energy efficient homes. A $1,000 rebate is available for customers who build new Energy Star qualified homes. Rebates are also offered for qualifying heat pumps and electric water heaters. Please call (615) 896-2785 to learn more.
Below is a table of anticipated tax credits and energy savings for energy-efficient home improvements:
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 You Need to Know
- What is included in the 2011 Federal Tax Credit?
- How do I apply for my Federal Tax Credit?
What is included in the Tax Credit?
- Tax Credit:
- 30% of cost with no upper limit
- Expires:
- December 31, 2016
- Details:
- Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify.
- Tax Credit:
- Credit Details: 30% of the cost, up to $500 per .5 kW of power capacity
- Expires:
- December 31, 2016
- Details:
- Existing homes & new construction qualify. Must be your principal residence. Rentals and second homes do not qualify.
