This personal tax deduction allows taxpayers to deduct the interest paid on loans used to purchase energy efficient products or equipment for a residence in California. The deduction is for loans from a publicly-owned utility company for the purchase of energy-efficient heating, ventilation, air-conditioning, lighting, solar, advanced metering of energy usage, windows, insulation, zone heating products, and weatherization systems. Customers of publicly-owned utility companies that do not offer customer financing may be able to deduct the interest from a home equity or home improvement loan used to purchase energy efficient products and equipment. Publicly-owned utility companies must issue a federal income tax Form 1098, or similar form, to notify their customers of their eligibility for this deduction. Furthermore, this deduction may not be taken if a tax credit is taken for the purchase of the energy efficient equipment. Contact the IRS for more information.
|Incentive Type:||Personal Tax Deduction|
|Administrator:||California Franchise Tax Board|
|Eligible Renewable/Other Technologies:||Solar Water Heat,Solar Space Heat,Solar Photovoltaics,Daylighting,Lighting,Chillers,Furnaces,Boilers,Heat pumps,Air conditioners,Caulking/Weather-stripping,Duct/Air sealing,Building Insulation,Windows,Custom/Others pending approval,Other EE|
|Incentive Amount:||100% of interest from loan|
|Name:||CA Revenue and Taxation Code Â§ 17208.1|
|Name:||Tax Specialist - FTB|
|Organization:||California Franchise Tax Board|
PO Box 942840
Sacramento CA 94240-0040
|Name:||Information Specialist - IRS|
|Organization:||Internal Revenue Service|
1111 Constitution Avenue, N.W.
Washington DC 20224
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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