Energy Efficiency Tax Credits Extended as Part of Fiscal Cliff Deal. Professional content

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By Will - January 3rd, 2013

As part of the "fiscal cliff deal" that just passed, Congress voted to extend the tax credit for energy efficient home improvements such as insulation and air sealing.

What Tax Credit?

The residential energy efficiency tax credit covers 10% of the cost of energy efficient home improvements, up to a cap of $500. (Note: this is a "lifetime" credit, so if you've taken advantage of it any time between 2005 and 2011, you can't take advantage of it again. Thanks for the clarification, Sean!)

While not ideal (we'd like to see something more comprehensive, and simpler, like the Home Star Act that stalled in Congress a couple of years back), the tax credit nonetheless presents a solid, tangible incentive for homeowners and builders to improve the energy efficiency of our buildings.

Make Sure Your Customers (and Potential Customers) Know About It!

The residential energy efficiency tax credit is a great incentive for homeowners to make the leap to a more energy efficient home, but it won't motivate them to do so if they don't know about it. Be sure that you have content on your home energy company's website about what the tax credit is good for, how you can help customers take advantage of it, and that it's good for another year. Blast that content out via your social media channels to make sure that people in your area know the tax credit is still good.


Comments

As an FYI / One other major catch - this is a $500 "lifetime" credit - so if they have taken it anytime from 2005 - 2011 they can't use it again

Posted by Sean @ AlaGBS on Jan 4, 2013 7:12am

Edited to include that caveat. Thanks, Sean!

Posted by Will on Jan 4, 2013 11:04am

Can anyone show me a link to the specifics of this credit. I wasn't aware that any tax credits were left last year except the solar incentives.

Posted by Al Heath on Jan 4, 2013 10:09am

Hey Al - section 401 in the legislation, available here: http://www.resnet.us/blog/wp-content/uploads/2013/01/American-Taxpayer-Relief-Act.pdf. Basically, the language was changed from"expiring December 31, 2011," to "expiring December 31, 2013." 

Posted by Will on Jan 4, 2013 10:58am

By the way, apologies for the ambiguous language in the original post (I've edited to make it more clear). Thanks again for the comment!

Posted by Will on Jan 4, 2013 11:03am

This can help you save lots of time and power.

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Posted by servingmfp.com on Apr 5, 2014 10:17pm

FYI on the 157 page document, the energy retrofit tax credit is on page 23.
http://www.resnet.us/blog/wp-content/uploads/2013/01/American-Taxpayer-R...

Posted by Suzon on Jan 4, 2013 12:03pm

This Energy Efficiency Business Coalition provides a great summary of all energy efficiency tax credits for 2013, along with a PDF for customers to reference.
http://www.eebco.org/tax-payer-relief-act-energy-efficiency

Posted by Energy Efficiency Eric on Jan 5, 2013 5:59pm

when will the credit go through so we can get our tax return back

Posted by Anonymous on Feb 24, 2013 8:04pm

When will the energy efficiency tax credit go through so I can get my tax return money back?

Posted by Anonymous on Feb 24, 2013 8:05pm

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Posted by Pearlene on Feb 4, 2014 5:17am

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