2011 Energy Tax Credit Quick Facts
On February 17th, President Obama signed
the $789 billion economic stimulus bill that
includes tax credit incentives for homeowners
who make energy-efficient home improvements.
The bill extends eligibility for tax credits
through 2010 on energy-efficient
The bill includes the ability for homeowners to receive a tax credit of 30%
of the cost of qualifying energy-efficient products up to a maximum of
$500 per household for all improvements made in 2011.
The requirements to qualify for the new energy tax credit include:
1) Energy Star Qualified Shingles
2. The purchase of the qualified shingles must be made during the taxable year for
which the credit is being claimed.
3. The credit is only allowed on the price of the qualified shingles themselves, not
on installation costs, on site preparation, assembly or sales tax.
4. The tax credit is allowable only for qualified roof systems placed in service in
5. Homeowners must save their receipts for their roofs purchased.
6. The roof system must be installed in the taxpayer's principal residence.
7. This tax credit is capped at a total of $500 for the years of 2011.
8. Unlike a tax deduction, which only reduces the amount of your taxable income, a
tax credit reduces the amount of tax you owe.
ENERGY STAR® is a joint program of the U.S. Environmental Protection Agency and
the U.S. Department of Energy helping us all save money and protect the
environment through energy-efficient products and practices. Check out
energystar.gov/taxcredit for more information on the available federal tax credit when
you purchase energy-efficient roof systems.
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