AZ Skylight Guys - Phoenix area skylight installation and repair specialists.
AZ Skylight Guys - Skylight installation and repair - Phoenix, AZ
 

2011 Federal Tax Credits for Consumer Energy Efficiency

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This law extends the tax credits for energy efficiency into 2011, BUT at lower levels. The levels revert back to those in effect in 2006 and 2007, which were 10% of the cost of the improvement, up to $500, with a $200 max for windows, and several other set maximums.

Highlights:

  • $500 lifetime limit. If you got over $500 in these tax credits from 2006 - 2010, you are not eligible for anything more.
  • 10% up to $500 for insulation, roofs, and doors.
  • Windows capped at $200, but qualification now ENERGY STAR
  • Furnace and boilers capped at $150, and all furnaces and boilers must meet 95 AFUE
  • $50 for advanced main air circulating fan
  • $300 for air conditioners, air source heat pumps, water heaters, and biomass stoves

Skylight Eligibility

Tax Credit Amount: 10% of the cost, up to $500, but windows are capped at $200.
Expires: December 31, 2013
Details: Must be an existing home & your principal residence. New construction and rentals do not qualify.
Requirements:

  • Must be ENERGY STAR qualified.
  • You do not have to replace all the windows/doors/skylights in your home to qualify. And it doesn't need to be a replacement either - installing a new window where there wasn't one previously (like in an addition) qualifies.
  • Tax Credit does NOT include installation costs.

How to Apply For the Federal Tax Credit & What You Need

  2014 2013 2012
Tax Form For products "placed in service" (installed and completed) in 2013, you need to file the 2013 IRS Form 5695 and submit it with your 2013 taxes (by April 18, 2014).

On the 1040 form, the residential energy tax credit (from Form 5695) is claimed on line 52.
For products "placed in service" (installed and completed) in 2013, you need to file the 2013 IRS Form 5695 and submit it with your 2013 taxes (by April 18, 2014).

On the 1040 form, the residential energy tax credit (from Form 5695) is claimed on line 52.
For products "placed in service" (installed and completed) in 2012, you need to file the 2012 IRS Form 5695 and submit it with your 2012 taxes (by April 15, 2013).

On the 1040 form, the residential energy tax credit (from Form 5695) is claimed on line 52.
   
What you need to submit and save Save your receipts and the Manufacturer's Certification Statement for your records.

Submit Form 5695 with your taxes.
Save your receipts and the Manufacturer's Certification Statement for your records.

Submit Form 5695 with your taxes.
Save your receipts and the Manufacturer's Certification Statement for your records.

Submit Form 5695 with your taxes.

Questions and answers regarding energy incentives for individuals can be found here on the IRS website.

Download Form: Federal Form 5695
Download Certification Satements: Natural Light Certification Statement | Velux Certification Statement for Skylights and Sun Tunnels | Velux Certification Statement for Solar Blinds | Velux Certification Statement for Solar Hot Water


Federal Tax Deductions for Commercial Buildings

A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50% of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures affecting any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems "placed in service" (installed and completed) from January 1, 2006 through December 31, 2013.


Arizona State Residential Solar Tax Credit

Homeowners can claim a 25% tax credit on up to $4,000 of solar devices installed on a residence (effectively a maximum credit of $1,000). This is a one time tax credit and restricts the homeowner for additional credits for solar purchases made for the same residence in subsequent years.

The law establishing the tax credit imposed several requirements on the seller of solar devices in order to qualify the equipment and application. Title 44, chapter 11, article 11 of the Arizona revised statues (44-1761- Definitions, and 44-1762 - Solar energy device warranties; installation standards; inspections) detail the requirements. The Arizona Department of Commerce has issued guidelines (in 1993) for the required certificate to the buyer that the solar energy device complies with the requirements of the tax credit. the Arizona Registrar of Contractors later assumed this responsibility but has not yet issued any further requirements.

The Arizona Registrar of Contractors is responsible for licensing installers of solar devices and is in the process of establishing appropriate solar electric standards for installers. Licensing of domestic solar hot water installers has been in place for several years. There is also an installer certification program for solar hot water system installers.

The actual tax credit is obtained by filing form 310, Credit for Solar Energy Devices, as an attachment to the regular annual income tax return (Arizona DOR form 140).

Download Form: AZ State Form 310
Download Instructions: AZ Form 310 Filing Instructions
Download Letters: AZ State Tax Credit Letter for Natural Light Products | AZ State Tax Credit Letter for Velux Products

 

Individual Federal Tax Credit information supplied from www.EnergyStar.gov.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 may be viewed here.
Tax Credit information for commercial buildings supplied from www.EnergyStar.gov.
Arizona State Tax Credit information supplied from www.AZSolarCenter.org

 

 

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Phone: 602-485-4995
Fax: 602-707-7540
 
Address: 3101 W Thomas Rd.
  Suite 116
  Phoenix, AZ 85017
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