The Energy Tax Extenders of The American Taxpayers Relief Act of 2012 extends the federal tax credits that expired in 2011 from January 1, 2012 until December 31, 2013 for “Qualified Energy Property” listed in Section 25C of the Internal Revenue Code. Because the credits were made retroactive to January 1, 2012, tax credit is available for qualified equipment that was installed any time after December 31, 2011.

A tax credit can provide significant savings. It reduces the amount of income tax you have to pay. Unlike a deduction, which reduces the amount of income subject to tax, a tax credit directly reduces the tax itself. The federal tax credit for qualified equipment is 10% of the amount paid but shall not exceed $300 for the qualified energy property. There is a lifetime limit of $500 for this credit, meaning if a homeowner has previously claimed the credit (up to $500), they will be ineligible to claim it on their 2012 and 2013 tax returns. As every taxpayer’s situation is different, please consult a tax advisor for the actual credit.

      •  Manufacturer's Certification Statement  Click for a list of qualifying systems.

      •  IRS Form 5695  To claim your tax credit, you will need to submit this form.