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Tax credits for residential energy efficiency and those for builders of energy efficient homes were extended retroactively, through December 31, 2022. - Stunning 2 Bed 2. The Community Economic Development Association of Michigan (CEDAM) is encouraging low- to moderate-income residents across the state to apply for the Home Heating Credit before the deadline of Sept. Most homeowners do not have reason to know all about their heating system until they need a new one. First Name10. For example, included in this package is a $300 tax credit to purchase a high efficiency oil furnace, which would save over $180 in annual savings for an average home--according to calculations based on Department of Energy data and recent home heating prices. To qualify for the EITC. Type or print in blue or black ink. Jetta SE Convenience PZEV. Some Michigan households are getting checks up to $575 to help with heating bills. 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