5 Green Home Upgrades That Also Buy You a Tax Break

Solar water heating property costs

Photo by Flickr user rneches
Photo by Flickr user rneches
  • System type: Solar water heaters (which use the sun’s thermal energy to heat water).
  • System requirements: Must heat water for the home, rather than for swimming pools or hot tubs, and must meet applicable fire and electrical code requirements. Must be certified by the Solar Rating and Certification Corporation or a comparable entity endorsed by the applicable state government.
  • Qualifying property types: Primary home or second home that generates at least half of its energy from the sun.
  • Maximum expense amount that can be claimed: No upper limit.

Small wind energy property costs

Photo by Flickr user epsos
Photo by Flickr user epsos
  • System type: Small wind turbines.
  • System requirements: Must have a nameplate capacity of no more than 100 kilowatts.
  • Qualifying property types: Primary home or second home.
  • Maximum expense amount that can be claimed: No upper limit.
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