Under the Energy Policy Act of 2005 you can get a tax credit if you install
energy-saving windows in 2006. Due to a new law made in 2006
the government encourages energy-efficient homes. To qualify for energy
an efficient tax credit on your home it should be 1. your primary home, and 2.
Located in the United States. Energy efficient items and procedures
to your home can be used as credit with limitations.
The new tax law provides a tax credit for existing homes. you can get
10 percent tax credit to purchase eligible energy efficiency upgrades.
Read the 2000 International Energy Conservation Code to qualify.
Use the following items for eligibility:
Insulation system that reduces heat loss/gain
Exterior windows (including skylights)
Exterior doors Metal roof (compliant with applicable Energy Star requirements).
In addition, the law provides credit for costs related to residential energy
property costs. To qualify as a residential energy property, it must
meet the certification requirements determined by the Secretary of the Treasury and
must be installed in the taxpayer’s primary home in the United States.
The following items are eligible:
$50 for each state-of-the-art air circulation fan
$150 for each eligible natural gas, propane, or oil furnace or hot water boiler
$300 for each eligible item of energy efficient property.
The maximum credit for all taxable years is $500 – no more than $200 of
credit can be attributed to spending on windows.
The new law also provides credit for those who add eligible solar panels, solar water heating equipment, or fuel cell power plants to their homes in the United States.