Information provided the Database of State Incentives for Renewables and Efficiency (DSIRE)
Energy Efficient Home Improvements Tax Credit |
Summary: Beginning in 2009, certain Michigan taxpayers are eligible for a tax credit for the purchase and installation of qualifying energy efficient home improvements. In order to claim the tax credit, persons filing single returns must have an annual income of $37,500 or less and married couples filing jointly must have an annual income of $75,000 or less. The definition of qualifying home improvements is limited to the following categories: insulation, water heaters, furnaces, windows, refrigerators, clotheswashers, and dishwashers. All equipment must meet the EPA Energy Star efficiency criteria. The items must be intended for residential or non-commercial use.
The amount of the credit is 10% of the installed cost of each improvement, up to $75 for single filers and $150 for joint filers. A taxpayer may not make more than one claim under each equipment category during a single tax year. If the amount of the credit exceeds a taxpayer's tax liability for a given year, the balance will be refunded. The credit only applies to equipment purchased after December 31, 2008 and before January 1, 2012.
Links:
- For more information on this financial incentive for energy efficiency in Michigan, visit DSIRE
Summary: The Michigan Public Service Commission (PSC) energy-efficiency grant program, funded by the state's Low-Income and Energy Efficiency Fund (LIEEF), supports the implementation of energy-efficiency projects and renewable-energy projects in the state. Businesses, non-profit organizations, government agencies and/or schools are eligible to apply. Additional restrictions may also apply depending on the specifics of individual Requests for Proposals (RFPs). Renewable-energy projects supported include solar, wind, anaerobic digesters, fuel cells and biofuel applications. The LIEEF is funded by utilities whose securitization savings exceed the amount required to reduce rates 5% for their customers.
Links
Last Updated
06/22/2009
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