Details | Residential Energy Efficient Property Credit


Funder

 

United Stated Internal Revenue Service

Implementer

 

United Stated Internal Revenue Service

Description

 

The Residential Energy Efficient Property Credit (REEPC, IRS Section 25D) is a credit of 30 percent of the expenditures made by a taxpayer during the taxable year for qualified solar electric systems, qualified solar water heaters, qualified fuel cell property, qualified small wind energy property and qualified geothermal heat pumps. The credit for expenditures made for qualified fuel cell property is limited to $500 for each one-half kilowatt of capacity of the property; the amounts of the other qualified expenditures eligible for the credit are not limited. In addition, this credit may be carried over if it exceeds the limitation imposed by section 26(a). The credit is available for property placed in service through Dec. 31, 2016. The credit for solar electric property and solar water heating property is extended for property placed in service through December 31, 2021, at applicable percentages as described in the statute.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Tax Credit

Category

 

Financing

Territory

 

United States

Applicant type

 

Private Resident

Project

 

New Addition to an Existing Building  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Residential

Sub-sector

 

Multi Family  |  Single Family

Sustainability

 

Energy Storage  |  Generation Systems

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive