Appliances
Requirements: equipment must be Energy Star certified
Incentive:
Fine print: The U.S. Department of Energy (DOE) has announced a new ENERGY STAR appliance rebate program, administered by state energy offices. Up to $300 million in funding from the American Recovery and Reinvestment Act will be made available to states to promote the purchase of energy efficient appliances. The rebates will be available later in 2009 or in early 2010.
Exterior windows & doors, skylights
Requirements:
Incentive: Tax credit equal to 30% of cost, up to $1,500 for all improvements combined.
Fine print: Installation costs not included. Does not apply to new home construction. Not all Energy Star models qualify.
Expires by end 2010
Storm windows & doors
Requirements: In combination with approved wood door or window.
Incentive: Tax credit equal to 30% of cost, up to $1,500 for all improvements combined.
Fine print: Installation costs not included. Does not apply to new home construction. Expires by end 2010
Metal roofs, asphalt roofs
Requirements: Energy Star qualified roof expected to last 5 years or have a 2-year warranty.
Incentive: Tax credit equal to 30% of cost, up to $1,500 for all improvements combined.
Fine print: Installation costs not included. Does not apply to new home construction. Expires by end 2010
Insulation
Requirements: Primary purpose must be to insulate. Must be expected to last 5 years or have a 2-year warranty.
Incentive: Tax credit equal to 30% of cost, up to $1,500 for all improvements combined.
Fine print: Installation costs not included. Does not apply to new home construction. Expires by end 2010.
Central A/C
Requirements:
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Split Systems: Energy Efficiency Ratio (EER)>=13, Seasonal Energy Efficiency Ratio (SEER)>=16
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Packaged Systems: EER>=12 and SEER>=14
Incentive:
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Tax credit equal to 30% of cost, up to $1,500 for all improvements combined.
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$200,- Duke Energy Smart $avers Residential Rebate Program ($300 for new construction)
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DOE Energy Star Appliance rebate: $50 to $250, depending upon the product being purchased, purchase price, and other market factors
Fine print: Does not apply to new home construction. Not all Energy Star models qualify. Expires by end 2010
Air source heat pumps
Requirements:
Incentive:
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Tax credit equal to 30% of cost, up to $1,500 for all improvements combined.
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$200,- Duke Energy Smart $avers Residential Rebate Program ($300 for new construction)
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DOE Energy Star Appliance rebate: $50 to $250, depending upon the product being purchased, purchase price, and other market factors
Fine print: Does not apply to new home construction. Not all Energy Star models qualify. Expires by end 2010
Geothermal heat pump
Requirements: All Energy Star geothermal heat pumps will qualify.
Incentive:
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Federal tax credit equal to 30% of cost uncapped
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NC State renewable energy credit: 35% up to $8,400,-
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DOE Energy Star Appliance rebate: $50 to $250, depending upon the product being purchased, purchase price, and other market factors
Fine print: Place in service by Dec. 31, 2016.
Water heaters (solar)
Requirements:
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At least half of the energy generated by the solar water heater must come from the sun.
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Water must be used in dwelling.
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Must be certified by the Solar Rating Certification Corporation (SRCC).
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For N.C. property tax exemption, the system must be new.
Incentive: Federal tax credit equal to 30% of cost. Not subject to $1,500 cap.
NC State renewable energy credit: 35% up to $1,400,-
Fine print:
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Place in service by Dec. 31, 2016. Federal credit does not apply to swimming pools or hot tubs heaters.
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For N.C. property tax exemption, system must be new. Allows no more than the amount of conventional equipment.
Water heater (electric heat pump)
Requirements: Energy factor >=2.0.
Incentive: Tax credit equal to 30% of cost, up to $1,500 for all improvements combined.
Fine print: Does not apply to new home construction. Expires by end 2010
Water heater and furnace (natural gas)
Requirements: AFUE >=90% for furnace. Energy Factor of 0.80 or more for water heater.
Incentive: $100 rebate from PSNC: http://www.psncenergy.com/en/save-energy-and-money/appliance-rebates/default.htm
Fine print: Does not apply to new home construction. No more than two rebates per year may be received at any one address, and each applicant is limited to receiving no more than a total of ten rebates per year.
Photovoltaic (solar electric) systems
Requirements: Must provide electricity for the residence and meet fire and electrical code requirements.
Incentive: Federal tax credit equal to 30% of cost uncapped
NC State renewable energy credit: 35% up to $10,500,-
Fine print: Must be new to qualify for N.C. tax credit. State tax credit equal to 35% of cost. Will not exceed $10,500 (incentive varies by technology).
Biomass stoves
Requirements: Uses any plant-derived renewable fuel (wood, farm products, etc.) to heat home or water. Thermal efficiency rating >=75%.
Incentive: Tax credit equal to 30% of cost, up to $1,500 for all improvements combined.
Small wind energy systems
Requirements: New systems only.
Incentive: Federal tax credit equal to 30% of cost. Not subject to $1,500 cap. N.C. tax credit equal to 35% of cost of wind system constructed (up to $10,500).
Vehicles
Requirements: new hybrid, alternative fuel, fuel cell, plugin, and electic vehicles
Incentive: $2,500-$7,500
Fine print: first 60.000 hybrid, alternative fuel and fuell cell vehicles per manufacturer, first 250.000 plugin hybrids and electic vehicles.