Virginia Alternate Energy Association

Incentives

According to DSIREUSA.org, a website maintained by the North Carolina State University, green energy tax incentives are still alive.  We have identified three that would be most beneficial

Residential Renewable Energy Tax Credit​​

This credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment. Efficiency improvements or equipment must serve a dwelling in the United States that is owned and used by the taxpayer as a primary residence. The maximum tax credit for all improvements made in 2011 - 2016 is $500. The cap includes tax credits for any improvements made in any previous year. If a taxpayer claimed $500 or more of these tax credits in any previous year, any purchases made in 2011 - 2016 will be ineligible for a tax credit.


​Note: This tax credit expired at the end of 2016. Any qualified equipment installed prior to January 1, 2017 is eligible for this credit. Equipment installed on or after January 1, 2017 is not eligible for this credit.     

This credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment. Efficiency improvements or equipment must serve a dwelling in the United States that is owned and used by the taxpayer as a primary residence. The maximum tax credit for all improvements made in 2011 - 2016 is $500. The cap includes tax credits for any improvements made in any previous year. If a taxpayer claimed $500 or more of these tax credits in any previous year, any purchases made in 2011 - 2016 will be ineligible for a tax credit.


Note: This tax credit expired at the end of 2016. Any qualified equipment installed prior to January 1, 2017 is eligible for this credit. Equipment installed on or after January 1, 2017 is not eligible for this credit.     

This credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment. Efficiency improvements or equipment must serve a dwelling in the United States that is owned and used by the taxpayer as a primary residence. The maximum tax credit for all improvements made in 2011 - 2016 is $500. The cap includes tax credits for any improvements made in any previous year. If a taxpayer claimed $500 or more of these tax credits in any previous year, any purchases made in 2011 - 2016 will be ineligible for a tax credit.