Currently there are no residential tax credits described below for the 2012 tax year (Jan. 01 - Dec 31, 2012). This petition is to extend these credits listed below for the 2012 tax year at the 2011 rates.
■The 2011 Energy Tax Credit amount: drops to 10% of a project and $500 max.
■Energy Star window tax credit: up to $200 maximum.
■Water heater tax credit (includes electric, natural gas, propane, or oil): up to $300 maximum.
■Air conditioner tax credit: up to $300 maximum.
■Insulation, doors, and roof credits: up to the $500 cap.
■Furnace tax credit (includes natural gas, propane, oil, or hot water): $150 maximum. Efficiency must be 95% (up from 90% before the extension).