$500
The Oregon Residential Energy Tax Credit Program provides a tax credit for photovoltaic systems of $1.90 per watt of the installed DC capacity. The maximum credit for a PV system installed on or after January 1, 2013 is $6,000. The maximum credit that can be claimed in any one year is $1,500 maximum per year, not to exceed 50 percent of the total cost of the system. Residential Energy Efficient Property Credit. 1  This tax credit is 30 percent of the cost of alternative energy equipment that you installed on or in your home. 2  Qualified equipment includes solar hot water heaters, solar electric equipment and wind turbines. 1 This tax credit is 30 percent of the cost of alternative energy equipment that you installed on or in your home. 2  Qualified equipment includes solar hot water heaters, solar electric equipment and wind turbines. 3  There is no limit on the amount of credit available for most types of property. Small wind-energy property. 1  There is no maximum credit for systems placed in service after 2008. 2  The maximum credit is $500 per 0.5 kW, not to exceed $4,000, for systems placed in service in 2008. 3  Systems must be placed in service on or after January 1, 2008, and on or before December 31, 2016. History. The federal Energy Policy Act of 2005 established a 30% tax credit (up to $2,000) for the purchase and installation of residential solar electric and solar water heating property and a 30% tax credit (up to $500 per 0.5 kW) for fuel cells. The maximum tax credit for all improvements made in 2011 - 2014 is $500. The cap includes tax credits for any improvements made in any previous year. If a taxpayer claimed $500 or more of these tax credits in any previous year, any purchases made in 2011 - 2014 will be ineligible for a tax credit. Owners of existing homes may receive a tax credit worth 10% of the cost of upgrading the efficiency of the building's envelope. Installation (labor) costs are not included and the credit is capped at $500 for all improvements. A tax credit of up to $1,500 is available to individuals for nonbusiness energy property, such as residential exterior doors and windows, insulation, heat pumps, furnaces, central air conditioners, and water heaters. a. The credit is 30% of qualified costs.  Conversion Kits (Section 1143): ARRA also provided a tax credit for plug-in electric drive conversion kits. The credit is equal to 10 percent of the cost of converting a vehicle to a qualified plug-in electric drive motor vehicle and placed in service after Feb. 17, 2009. The maximum amount of the credit is $4,000. The credit does not apply to conversions made after Dec. 31, 2011. A taxpayer may claim this credit even if the taxpayer claimed a hybrid vehicle credit for the same vehicle in a previous year. The minimum amount of the credit for qualified plug-in electric drive vehicles is $2,500 and the credit tops out at $7,500, depending on the battery capacity. The full amount of the credit available for a specific manufacturer’s vehicles will be reduced after that manufacturer has sold at least 200,000 vehicles. For purchases made in 2011 - 2014: Aggregate amount of credit is limited to $500. Taxpayer is ineligible for this tax credit if this credit has already been claimed by the taxpayer in an amount of $500 in any previous year. For purchases made in 2009 or 2010: Aggregate amount of credit for all technologies placed in service in 2009 and 2010 combined is limited to $1,500. Owners of existing homes may receive a tax credit worth 10% of the cost of upgrading the efficiency of the building's envelope. Installation (labor) costs are not included and the credit is capped at $500 for all improvements. As in previous years, the cumulative maximum amount of tax credit that can be claimed by a taxpayer in all years combined is $500. If a taxpayer has already claimed a tax credit of $500 for purchases made in any previous year, they are ineligible for additional tax credits for any new equipment purchases. Owners of existing homes may receive a tax credit worth 10% of the cost of upgrading the efficiency of the building's envelope. Installation (labor) costs are not included and the credit is capped at $500 for all improvements. If you made certain energy-saving or energy-efficient home improvements in 2014 or earlier, you could get a tax credit for up to 10% of the purchase price of qualified products, up to a maximum amount of $500 for all your home improvements (a maximum of $200 for windows) made during 2014. Here are the various energy-efficient products which qualify for the credit, and the maximum amount that can be claimed for each: 1  $300 for biomass stoves. 2  $50 for advanced main air circulating fans. (2) the amount of the residential energy property expenditures paid or incurred by the taxpayer during the tax year. Thus, the nonbusiness energy property credit is now a 10% credit, instead of a 30% credit. In addition, a taxpayer’s lifetime maximum nonbusiness energy property credit is no longer $1,500. Instead, it is now $500, of which no more than $200 may be for expenditures on windows.
http://www.oregon.gov/energy/CONS/RES/tax/docs/Solar_PV.pdf https://www.irs.gov/uac/newsroom/get-credit-for-making-your-home-energy-efficient http://www.gogreensolar.com/pages/renewable-energy-tax-credit http://energy.gov/savings/residential-energy-efficiency-tax-credit https://en.wikipedia.org/wiki/Nonbusiness_Energy_Property_Tax_Credit https://www.irs.gov/uac/energy-incentives-for-individuals-in-the-american-recovery-and-reinvestment-act http://energy.gov/savings/residential-energy-efficiency-tax-credit http://energy.gov/savings/residential-energy-efficiency-tax-credit http://www.efile.com/tax-credit/energy-credit/ http://www.hhcpa.com/blogs/income-tax-accountants-cpa/nonbusiness-energy-property-credit-extended-but-not-too-generous
what is the maximum amount of credit from residential energy credit