Vectren reminds customers to check on tax credits

Posted on Feb 27, 2016


Homeowners who purchased high-efficiency appliances and/or made energy-efficient home improvements to their homes in 2015 may qualify for federal tax credits and they should consider the steps needed to apply as they prepare their annual tax returns by April 15.

The tax credits apply toward 10 percent of the cost, up to $ 500, for home improvement measures or $ 50 to $ 300 for new appliances. Measures/appliances include:

•high-efficiency heating equipment, including a natural gas furnace with an efficiency rating of at least 95 percent or a natural gas boiler with an efficiency rating of at least 95 percent;

•high-efficiency storage or tankless natural gas water heater with an energy factor of 0.82 or higher or thermal efficiency of at least 90 percent;

•high-efficiency air conditioners, heat pumps and advanced main air circulating fans;

•home insulation, which also includes weather-stripping, caulking and spray foam;

•energy-efficient roofing; and

•energy-efficient windows, doors and/or skylights.

Forms and more information on qualifying products and measures can be found at www.energystar.gov/taxcredits. Additional tax credits are available on geothermal equipment, small wind turbines, solar energy systems and residential fuel cell and microturbine systems.

To qualify, the homeowner must have installed the equipment or completed the home improvement in 2015.

New construction, secondary residences and rentals may not qualify for some of the tax credits. Consult a certified tax professional for more information.

Vectren offers residential and small business rebates for high-efficiency appliances, including natural gas boilers and furnaces and electric appliances, including air conditioners and heat pumps.

Learn more about Vectren’s energy efficiency program at www.vectren.com/saveenergy or call 1-866- 240-8476.

saveenergy – Bing News

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