Energy tax credits

energy efficiency tax credits for businesses

There are several federal energy-efficient tax credits available for homeowners who purchase certain ENERGY STAR-certified products. These tax credits are good for geothermal heat pumps, small wind turbines, fuel cells and solar energy systems like water heaters and panels. The credit value for these products depends on when these renewable energy systems are installed:

■ 30 percent of the cost for systems placed in service by Dec. 31, 2019

■ 26 percent of the cost for systems placed in service after Dec. 31, 2019 and before Jan. 1, 2021

■ 22 percent of the cost for systems placed in service after Dec. 31, 2020 and before Jan. 1, 2022.

These products not only qualify you for a tax credit, but also lower your energy consumption and energy bills, further saving you money. In order to claim your tax credit, you need to file IRS Form 5695 with your taxes. Be sure to keep a copy of the Manufacturer’s Certification Statement and any receipts or itemized bills.

 new york state energy tax credits

Ohio Edison and The Illuminating Company offer rebates for ENERGY STAR certified products, including LED lighting and appliances like clothes washers, dryers, and refrigerators. Rebates are also offered for solar water heater purchases and HVAC maintenance. As an incentive, Ohio Edison will also pick up and recycle your old refrigerator or freezer for $50.

American Electric Power offers rebates and incentives for homeowners to be more energy efficient. For one, they’ll pay you $50 for your old refrigerator or freezer. AEP also offers rebates on ENERGY STAR LED lighting and appliances, including clothes washers, dehumidifiers, VSD pool pumps, and heat pumps.

For home insulation, natural gas furnaces, windows, and exterior doors, Dominion East Ohio offers rebates up to $1,250.

For more information about NOPEC’s Natural Gas Program and Electric Program, call their customer service number at 855667-3201. bags not accepted. Assistance will be available for unloading boxes. No need to remove: paper clips, staples, binder clips, file folders, report ledgers, magazines or rubber bands.

energy efficient upgrades tax credits

Accepted items: telephones, cell phones, printers, CPU’s, speakers, stereos, DVR’s, laptops, fax machines, remotes, wires, cable/ satellite boxes, docking stations, copiers, microwaves, rechargeable batteries, LCD screens, CRT monitors, TV’s.

Items that cannot be shredded: plastics (CD’s, Floppy Disks, 3-Ring Binders), glass, electronics, metals, cardboard, audio/ video tapes, X-rays.

Shredding sponsored by Warren County Records Center and Royal Document Destruction; 513695-18815. Electronics recycling sponsored by Warren County Solid Waste and Cohen Recycling; 51-695-1210.