Q:

Are there any alternative energy tax credits for 2014?

A:

Quick Answer

Alternative energy usages that are eligible for income tax credits on 2014 returns include biomass stoves, solar energy and geothermal heating. Residential wind turbines and fuel cell systems also qualify, according to Energy Star. All-electric vehicles and plug-in hybrids also receive tax credits, says the U.S. Department of Energy.

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Are there any alternative energy tax credits for 2014?
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Full Answer

The credit for electric or plug-in cars varied by model and year, up to $7,500, according to the U.S. Department of Energy.

Taxpayers who made their primary residence more energy efficient by replacing HVAC systems, windows or insulation qualified for a credit of 10 percent of cost up to $500, or a specific amount between $50 and $300. Geothermal heat pumps, solar energy systems and wind power qualified for credit up to 30 percent of the cost with no upper limit, explains Energy Star.

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