| State: |
Michigan |
| Incentive Type: |
Personal Tax Credit |
| Eligible Efficiency Technologies: |
Clothes Washers/Dryers, Dishwasher, Refrigerators, Water Heaters, Furnaces , Building Insulation, Windows |
| Applicable Sectors: |
Residential, Multi-Family Residential, Low-Income Residential |
| Amount: | 10% of the installed cost of each improvement |
| Maximum Incentive: | $75 per improvement for single filers, $150 per improvement for joint filers |
| Carryover Provisions: | No carryover, balance is refunded |
| Equipment Requirements: | Equipment must meet or exceed EPA Energy Star criteria |
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.
