Energy Rebate Programs
Energy rebates set to expire
Current DTE Energy and Consumers Energy rebate programs will expire on March 31st. Customers must have energy efficiency improvements installed and confirmation energy audits performed prior to March 31, 2013 to be eligible for the current rebate programs. New rebate programs will be announced later in March and may have reduced rebate dollar amounts. Call Ecotelligent Homes to find out about current rebate programs.
Home Energy Improvements: Save You Money – Add to Your Comfort – Help the Environment – Improve Your Resale Value
American Taxpayer Relief Act of 2012
If you participated in DTE Energy’s Energy Efficiency Rebate Program in 2012, you may be eligible for a tax credit.
Legislation was enacted on January 2, 2013, to provide a tax credit for homeowners (principal residence) who install energy efficiency improvements to the building envelope of their homes and for the purchase of high efficiency heating, cooling and water heating equipment.
The American Taxpayer Relief Act of 2012 was retroactively renewed with an effective date of January 1, 2012 – December 31, 2013.
Some of the tax incentives include, but are not limited to, Building Envelope Improvements and High Efficiency Heating, Cooling and Water Heating Equipment upgrades.
The maximum energy tax credit for all improvements made is $500. This lifetime cap also includes any improvements made prior to 2012. If a taxpayer claimed $500 or more for tax credits in any year prior to 2012 – the taxpayer is ineligible for any additional tax credit. For full details, familiarize yourself with the American Taxpayer Relief Act of 2012 and work with your tax professional to see if you are eligible.