SUMMARY OF TAX CREDITS FOR HOMEOWNERS
ITEM
TAX CREDIT
TAX CREDITGas or Oil Furnaces or Boilers 95% or higher $1500
$1500Gas or Oil Furnaces under 95% $50
$50Gas or Oil Water Heaters, 80 or higher or Thermal Efficiency of 90% or higher$300
$300Electric Heat Pump & Water Heaters, EF rating of 2.0 or higher $300
$300Solar water heater 30% tax credit/$ 2,000
30% tax credit/$ 2,000Air UnitsAir Source Heat PumpsCentral A/C $300
$300A 30 percent tax credit for the purchase of solar water heaters and geothermal heat pumps is also available. There is no limit to the total amount of the credit, e.g., if a geothermal heat pump cost $5,000, a consumer would receive a $1,500 credit.Consumers can claim a $1,500 aggregate tax credit for qualified energy efficient home improvements.
Tax Credits for Home Builders -Heating and Cooling Systems$1,000 tax credit is available to the producer of a new manufactured home achieving 30% energy savings for heating and cooling.These tax credits apply to new homes located in the United States whose construction is substantially completed after August 8, 2005
$1,000 tax credit is available to the producer of a new manufactured home achieving 30% energy savings for heating and cooling.These tax credits apply to new homes located in the United States whose construction is substantially completed after August 8, 2005
NIPSCO Rebate Program
