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Tax Credits & Incentives
Incentives and programs for energy-efficiency vary widely from state to state. Visit the following database to get the most up-to-date information:
|Oregon Residents click here:|
|Washington Residents click here:|
As Oregon Energy Trust Trade Allies we can help you get rebates based on the measures you have taken as long as the Energy Trust Standards and Procedures are followed.
There is also money available thru the state for PTCS contracted duct sealing.
Many of the municipal utilities offer their own rebate programs and we would be happy to talk about those with you.
G.E.S. will be happy to fill out all the tax credit & Rebate paperwork for you and send it in to the right departments to ensure you get all the tax credits and rebates available to you. Often you can qualify for 2-3 rebates and credits.
ETO Incentives: Weatherization and Insulation Incentives
TAX Credit FAQ
- What Tax credits are available? There are two tax credits and a tax deduction. There is a tax credit for builders on new construction, a tax credit for homeowners who make energy efficient upgrades to their existing homes, and a tax deduction for commercial property owners who reduce energy consumption of their buildings.
- How does a builder get the new construction tax credit? A builder must design the house to be 50% more efficient than a model IECC home. You can use numerous approved computer software to accomplish this. You must then build the home to those specifications and have an energy rater come out and do a performance test on the house.
- How does foam insulation fit into the new construction tax credit? The tax credit requires that 1/5 of the efficiency come from building envelope components.
- Do I have to turn in new paperwork to the IRS to qualify for either of the two tax credits? Yes, IRS Form 5695. You must also keep your receipts and your documentation that your home meets the standards.
- What is the new construction tax credit? Home builders are eligible for a $2,000 tax credit for a new energy efficient home that achieves 50 percent energy savings for heating and cooling over the 2004 International Energy Conservation Code (IECC) and supplements. At least 1/5 of the energy savings must come from building envelope improvements. These tax credits apply to new homes whose construction is substantially completed after January 1, 2006 and that are acquired from the eligible contractor after January 1, 2006 and before December 31, 2009, for use as a residence.
- What is a tax credit? You don’t receive an income tax credit when you buy the product, like an instant rebate. You claim the credit on your federal income tax form at the end of the year. The credit then increases the tax refund you receive or decreases the amount you have to pay.