Graduate Realtor Institute, Senior Real Estate Specialist, Associate with The Real Estate Group, LLC.

Providing Personal, Hometown Service in Hampton Roads, Virginia including Virginia Beach, Norfolk, Chesapeake, and Suffolk. 

 

 
 
   

Tax Credits for Home Improvements with Energy Efficiencies 2009-2010/2016.

Home Shell (insulation, windows, sealing, roofs).A tax credit is available in the amount of 30% of materials only (not labor) with a cap of $1500 for qualifying purchases on the envelope of your primary residence.

 

Heating and Cooling Equipment. A tax credit is available to purchasers of highly efficient heating, cooling, and water heating equipment in the amount of 30% of installed costs for qualified products.

 

On Site Renewables Tax Incentives--wind turbines, geothermal heat pumps, and solar systems available on equipment installed until Dec 31, 2016.

On Site Wind Systems

Geothermal heat pump

  • Geothermal Heat Pump Consortium
    • Information on applying for the incentive
    • * Currently, the criteria for Energy Star geothermal heat pumps are: for a closed-loop system, 14.1 EER and a coefficient of performance (COP) of at least 3.3.  For an open-loop system, 16.2 EER and 3.6 COP.  For a direct expansion system, 15 EER and 3.5 COP.  In addition, the geothermal heat pumps must include a desuperheater, which helps heat water, or an integrated water heating system. 

Solar systems

Good sources of information about these systems include:

 

 

 

   
 
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