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Federal Tax Credits for Consumer Energy Efficiency

If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency.

Please note, not all ENERGY STAR qualified products qualify for a tax credit. ENERGY STAR distinguishes energy efficient products which, although they may cost more to purchase than standard models, will pay you back in lower energy bills within a reasonable amount of time, without a tax credit.

What is included in the Tax Credit?

Expires: December 31, 2011
Details: Must be an existing home & your principal residence. New construction and rentals do not qualify.
 
 

COOLAdvantage Program

Program Overview:  The COOLAdvantage Program provides rebates for energy-efficient central air conditioners or heat pumps as well as proper system sizing and installation "best practices" that affect operating efficiency.  Call 866-NJSMART or see below for more information.

2011 COOLAdvantage Rebate Table
 

Equipment Type
Minimum Efficiency Level for units purchased on or after February 15, 2011
Sizing and Selection
Customer Incentive
Central Air Conditioning, Air to Air Heat Pump or Ductless Mini-Split A/C System or Heat Pump+  Compressor and coil combination that yield >= SEER 16 and EER 13 and (in case of heat pumps) HSPF 8.5 ACCA Manual J and Manual S outputs are required showing that the installed system is sized within 15% variance of requirement and correctly selected for the dwelling. $500
 
 

WARMAdvantage Program

Program Overview:  The WARMAdvantage Program provides rebates for high efficiency home heating systems and/or water heaters.  To be eligible you must purchase, install and operate a gas heating system and/or domestic water heater that meets all applicable efficiency requirements.  Call 866-NJSMART or see below for more information

 The 2011 rebate levels below are available for all purchases made on or after Feb. 15, 2011


Equipment Type 		Minimum Efficiency Level
Incentive
Gas Furnace AFUE* 92% or greater, ENERGY STAR

$300
Gas Furnace with ECM* AFUE 92% or greater, ENERGY STAR

$400
Gas Boiler AFUE 85% or greater, ENERGY STAR

$300
Domestic Water Heater EF .82 or greater

$300

*AFUE (Annual Fuel Utilization Efficiency), ECM (Electronically Commutated Motor), EF (Energy Factor)

Efficiency requirements are based on the AHRI Air-Conditioning, Heating, and Refrigeration Institute Directory of Certified Product Performance.  ENERGY STAR qualified product lists may be found at http://www.energystar.gov.

 

 

 

 

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