HB126 - Energy Efficiency Act of 2010

• Establishes nonrefundable Alabama income tax credits for installing energy efficiency equipment in primary residences (maximum $500 per taxpayer) and commercial property (maximum $1,000 per taxpayer) for tax years beginning after December 31, 2008 and before January 1, 2016.

• Provides 30% tax credits on actual installed costs for residential properties including active/passive solar space-heating systems, solar water-heating systems, qualified energy property (heat pumps, furnaces, air conditioners), insulation upgrades, energy-efficient lighting, programmable thermostats, and demand response technology.

• Provides 30% tax credits on actual installed costs for commercial properties including energy-efficient lighting systems, heating/cooling/ventilation/hot water systems, programmable thermostats, solar water-heating systems, and demand response technology.

• Defines qualified equipment, certified installers (NABCEP certified solar installers), and installed costs including purchase price, labor, and interconnection expenses, excluding discounts, rebates, and sales tax.

• Becomes effective on the first day of the third month following passage and approval by the Governor.