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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?
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.
COOLAdvantage
Rebate Table
for units purchased on or after April 1, 2010 |
Equipment Type |
Minimum Efficiency Level for units purchased on or after April 1, 2010
|
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* 14.5
and EER 12 and (in the 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. |
$300 |
|
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 15 and
EER 12.5 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. |
$400 |
|
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. |
$600 |
|
Geothermal Heat Pump |
Systems must be ENERGY STAR® qualified to be eligible for
incentives. |
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. |
$400 |
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
Rebate
levels went into effect April 1, 2009.
Equipment Type |
Minimum Efficiency Level
for units purchased on
or after April 1, 2009 |
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* .62 or greater |
$25 |
| 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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