Federal Tax Credit: Case Study

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What You Need to Know • What is included in the 2012 and 2013 Federal Tax Credit? • How do I apply for my Federal Tax Credit? What is included in the 2012 and 2013 Federal Tax Credit? The following applies to the 6 product categories below: Tax Credit: 10% of cost up to $500 or a specific amount from $50–$300 Expires: December 31, 2013 Details: Must be an existing home & your principal residence. New construction and rentals do not qualify. • Biomass Stoves o [pic]Biomass stoves burn biomass fuel to heat a home or heat water. Biomass fuel includes agricultural crops and trees, wood and wood waste and residues (including wood pellets), plants (including aquatic plants), grasses, residues,…show more content…
See definitions. More Information ▪ How to apply ▪ Geothermal Heat Pump FAQ ▪ All ENERGY STAR geo-thermal heat pumps qualify for the tax credit. ▪ What about water-to-water geothermal heat pumps? • Small Wind Turbines (Residential) o [pic]A wind turbine collects kinetic energy from the wind and converts it to electricity that is compatible with a home's electrical system. [pic] Requirements Must have a nameplate capacity of no more than 100 kilowatts. Tax Credit includes installation costs. More Information ▪ How to apply • Solar Energy Systems o Solar Water Heaters [pic]Solar water heaters come in a wide variety of designs, all including a collector and storage tank, and all using the sun's thermal energy to heat water. Solar water heaters are typically described according to the type of collector and the circulation system. [pic]

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