Tax Incentives
Energy efficiency tax credits may be dropping, but they aren’t disappearing. If you plan to make any improvements to your home this year, make sure you check out the changes that have been made to the federal tax credits available for energy-efficiency upgrades.
The Federal Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 reduces the total lifetime credit that can be claimed on energy-efficiency improvements made between 2006 and 2011 (excluding 2008, when no credit was available) from $1,500 to $500. It also lowers the percentage of efficiency-upgrade costs consumers can recover, from 30 percent in 2009-2010 to 10 percent in 2011.
Dakota Electric strongly encourages members to consult with their tax adviser or the IRS before beginning a project or making a purchase that may qualify for a tax credit. Dakota Electric is not providing legal or tax advice.
Tax credit product categories
• Biomass Stoves
• Heating, Ventilating, Air Conditioning (HVAC)
• Insulation
• Roofs (Metal & Asphalt)
• Water Heaters (non-solar)
• Windows & Doors
• Geothermal Heat Pumps
• Small Wind Turbines (Residential)
• Solar Energy Systems
• Fuel Cells (Residential Fuel Cell and Microturbine System)
Members can view tax credit amounts and get more details on qualifying products by visiting the ENERGY STAR® Web site.
Additional incentives
Some of the products eligible for tax credits also qualify for Dakota Electric rebates. Visit our rebates page to learn more about our rebate programs.