Tax Credits

A number of federal tax credits are available.

Air source heat pumps: $ 300 SEER 14+
Central AC $ 300 Split systems SEER 16+, Package Systems SEER 14
Gas, propane or oil Hot water Boiler $ 150 AFUE 95
Natural Gas, propane or oil Furnace $ 150 AFUE 95
Insulation 10% of cost up to $ 500 [materials only, not installation]
Metal roofs and asphalt roofs with high SRI: 10% of cost up to $ 500 [materials only, not installation]
Gas oil or propane Water Heater: 90% efficiency, Energy Factor .82+, $300
Electric Heat Pump Water Heater: Energy Factor at least 2.0, $ 300
Windows, Doors Skylights, Energy Star: 10% of cost up to $ 500, but windows capped at $ 200. [materials only, not installation]

Additionally, the tax credit for alternative energy is 30% of cost with no upper limit until 2016

Geothermal heat pumps
Wind Turbines
Solar Panels
Solar Hot Water

For more detailed and up to date information on federal tax credits, go to the Energy Star website.

The City of Virginia Beach offers a special assessment for property taxes on an energy-efficient building that exceeds the current standards of the Virginia Uniform Statewide Building Code by 30%. (This does not apply to the assessment of the real property on which the building is located.)

Personal Deduction on Virginia income taxes – up to $ 500. The state allows you to deduct 20% of the sales tax paid for Energy Star rated appliances and programmable thermostats.