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2011 Summary of Energy-efficiency Tax Credits (both federal and NC) and utilities incentives

For more information including Corporate and Building incentives visit www.dsire.org

Both Duke Energy and PSNC offer free energy audits and reduced rates for Energy Star certified homes.

  • Duke Energy: 5.4% discount on electric rates for usage after the first 350 kWh per month
  • PSNC Energy: $.05 per therm less

Energy Star certification for homes post build time is currently being defined. Updates will be posted online.

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 2011.

Exterior windows & doors, skylights

Requirements:

Meets International Energy Conservation Code (IECC) or Energy Star qualified product:

  • U factor (heat loss) <= 0.30
  • SHGC (block solar heat) <= 0.30

Incentive: Tax credit equal to 30% of cost, up to $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 2011.

Storm windows & doors

Requirements: In combination with approved wood door or window.

Incentive: Tax credit equal to 30% of cost, up to $500 for all improvements combined.

Fine print: Installation costs not included. Does not apply to new home construction. Expires by end 2011.

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 $500 for all improvements combined.

Fine print: Installation costs not included. Does not apply to new home construction. Expires by end 2011.

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 $500 for all improvements combined.

Fine print: Installation costs not included. Does not apply to new home construction. Expires by end 2011.

Central A/C

Requirements:

  • Split Systems: Energy Efficiency Ratio (EER)>=13, Seasonal Energy Efficiency Ratio (SEER)>=16
  • Packaged Systems: EER>=12 and SEER>=14

Incentive:

  • Tax credit equal to 30% of cost, up to $500 for all improvements combined.
  • $200,- Duke Energy Smart $avers Residential Rebate Program ($300 for new construction)
  • DOE Energy Star Appliance rebate: $50 to $250, depending upon the product being purchased, purchase price, and other market factors
  • Energy Star appliances sold between 12:01 a.m. on the first Friday of November and 11:59 p.m. on the following Sunday qualify for the sales tax exemption.

Fine print: Does not apply to new home construction. Not all Energy Star models qualify. Expires by end 2011.

Air source heat pumps

Requirements:

  • Heating Seasonal Performance Factor (HSPF)>=8.5 and EER>=12.5 and SEER>=15
  • Package systems: HSPF>=8; EER>=12 and SEER>=14

Incentive:

  • Tax credit equal to 30% of cost, up to $500 for all improvements combined.
  • $200,- Duke Energy Smart $avers Residential Rebate Program ($300 for new construction)
  • DOE Energy Star Appliance rebate: $50 to $250, depending upon the product being purchased, purchase price, and other market factors
  • Energy Star appliances sold between 12:01 a.m. on the first Friday of November and 11:59 p.m. on the following Sunday qualify for the sales tax exemption.

Fine print: Does not apply to new home construction. Not all Energy Star models qualify. Expires by end 2011

Geothermal heat pump

Requirements: All Energy Star geothermal heat pumps will qualify.

Incentive:

  • Federal tax credit equal to 30% of cost uncapped
  • NC State renewable energy credit: 35% up to $8,400
  • $200,- Duke Energy Smart $avers Residential Rebate Program ($300 for new construction)
  • DOE Energy Star Appliance rebate: $50 to $250, depending upon the product being purchased, purchase price, and other market factors
  • Energy Star appliances sold between 12:01 a.m. on the first Friday of November and 11:59 p.m. on the following Sunday qualify for the sales tax exemption.

Fine print: Place in service by Dec. 31, 2016.

Water heaters (solar)

Requirements:

  • At least half of the energy generated by the solar water heater must come from the sun.
  • Water must be used in dwelling.
  • Must be certified by the Solar Rating Certification Corporation (SRCC).
  • 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:

  • Place in service by Dec. 31, 2016. Federal credit does not apply to swimming pools or hot tubs heaters.
  • 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 $500 for all improvements combined.

Fine print: Does not apply to new home construction. Expires by end 2011.

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 $1500 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 electric vehicles

Incentive: $2,500-$7,500

Fine print: first 60.000 hybrid, alternative fuel and fuel cell vehicles per manufacturer, first 250.000 plugin hybrids and electric vehicles.

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