Energy tax credits
You may be eligible for a tax credit of up to $500 for home improvements that save energy in your primary residence. The deduction is generally 10 percent of the cost of the improvements, up to $500. There are limits on some items. A separate Residential Energy Efficient Property Credit, which was not part of this extension and is in effect through the end of 2016, gives credits of up to 30 percent for qualifying alternative energy improvements. Please check with your tax professional to verify the current state of energy tax credits.
Special Offers and Rebates from ENERGY STAR Partners
There are ENERGY STAR partners who sponsor special offers, such as sales tax exemptions or credits and or rebates on certain products. To find out about current special offers and rebates go here.
PowerSaver Loans for Home Improvements
The PowerSaver loans provide three financing options—including mortgage refinancing—for homeowners to make home energy efficiency and renewable energy upgrades or improvements. Low-interest loans and reduced loan fees can provide cost-effective results, especially when working with local partners and utilities that sometimes offer large rebates. Exploring PowerSaver loans can lower a home’s energy cost and increase home comfort. PowerSaver also provides a product that allows for a mortgage or home refinance [203(k) loan].
For a two-page summary, see the PowerSaver loans fact sheet.
Find Powersaver loan information for California here.