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Title: Federal Tax Credits for Energy Star Appliances Post by: cbgould on August 14, 2007, 04:42:47 PM I just purchased an Energy Star refrigerator - are there federal tax credits available on energy star refrigerators?
Title: Re: Federal Tax Credits for Energy Star Appliances Post by: lizandjer on August 14, 2007, 04:45:02 PM Unfortunately, when it comes to Energy Star appliances the federal tax
credits are given to the manufacturers, not the consumers. On the plus side, this should lead to lower prices, but you won't get any extra benefits come tax time. For your reference, see the below excerpt from the Energy Star website: Quote Tax Credits for Manufacturers: While not directly affecting consumers, manufacturers of energy efficient clothes washers, dishwashers and refrigerators are eligible for tax breaks themselves, which may lead to increased availability and a reduction in prices for these energy-saving appliances: * ENERGY STAR qualified dishwashers that meet ENERGY STAR's 2007 specification. * ENERGY STAR qualified clothes washers that meet ENERGY STAR's 2007 specifications. * Refrigerators that are more efficient than 2001 federal energy conservation standards Now, this doesn't mean all is lost though. Many local utilities provide rebates for energy saving products - usually in the $50 range for appliances. Getting in touch with them is probably your next best bet to save a few extra dollars. Title: Re: Federal Tax Credits for Energy Star Appliances Post by: Windy on November 07, 2007, 03:10:28 PM Even if you aren't getting a tax credit, at least you will save some money on your energy bills in the long run. Also, you can feel proud that you are doing something to help the environment. It would be great if the government could get behind it more though by offering a credit- that would definitely be a step in the right direction.
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