Personal Deduction

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Personal tax incentives include personal income tax credits and deductions. Many states offer these incentives to reduce the expense of purchasing and installing renewable energy or energy efficiency systems and equipment. The percentage of the credit or deduction varies by state, and in most cases, there is a maximum limit on the dollar amount of the credit or deduction. An allowable credit may include carryover provisions, or it may be structured so that the credit is spread out over a certain number of years. Eligible technologies vary widely by state. In recent years, the federal government has offered personal tax incentives for renewables and energy efficiency. [1]


Personal Deduction Incentives

Incentive Incentive Type Place Applicable Sector Eligible Technologies Active
Deductions for Clean-Fuel Vehicles and Refueling Property (Federal) Personal Deduction United States Commercial
Industrial
Residential
No
Energy-Saving Equipment Deduction (Arkansas) Personal Deduction Arkansas Residential Passive Solar Space Heat
Solar Water Heat
Solar Space Heat
No
Income Tax Deduction for Energy Efficiency Upgrades (Idaho) Personal Deduction Idaho Residential Building Insulation
Caulking/Weather-stripping
Duct/Air sealing
Windows
Yes
Income Tax Deduction for Energy-Efficient Products (Virginia) Personal Deduction Virginia Residential Boilers
Central Air conditioners
Clothes Washers
Dishwasher
Heat pumps
Programmable Thermostats
Refrigerators
Water Heaters
Furnaces
Fuel Cells
Yes
Income Tax Deduction for Solar-Powered Roof Vents or Fans (Indiana) Personal Deduction Indiana Residential Other Distributed Generation Technologies Yes
Income Tax Subtraction for Energy-Efficient Residences (Arizona) Personal Deduction Arizona Residential
Construction
Installer/Contractor
Comprehensive Measures/Whole Building No
Puerto Rico - Tax Deduction for Solar Energy Systems (Puerto Rico) Personal Deduction Puerto Rico Residential Solar Pool Heating
Solar Water Heat
Yes
Qualifying Wood Stove Deduction (Arizona) Personal Deduction Arizona Residential Biomass Yes
Qualifying Wood Stove Deduction (Idaho) Personal Deduction Idaho Residential No
Residential Alternative Energy Tax Deduction (Idaho) Personal Deduction Idaho Residential Biomass
Ground Source Heat Pumps
Passive Solar Space Heat
Photovoltaics
Solar Space Heat
Solar Water Heat
Wind
Geothermal Electric
Yes
Tax Deduction for Home Energy Audits and Energy Efficiency Improvements Personal Deduction Missouri Residential Custom/Others pending approval
Unspecified technologies
Yes
Tax Deduction for Interest on Loans for Energy Efficiency (California) Personal Deduction California Residential Lighting
Chillers
Furnaces
Boilers
Heat pumps
Central Air conditioners
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Custom/Others pending approval
Solar Water Heat
Solar Space Heat
Photovoltaics
Daylighting
No
Wood-Burning Heating System Deduction (Alabama) Personal Deduction Alabama Residential Biomass Yes

All Personal Tax Incentives

References

  1. DSIRE Glossary