Monday, November 16, 2009

Tax Credits for Energy Efficiency


Homeowners can now qualify for tax credits up to $1500. (in most cases) for home improvements made between Jan. 1, 2009- Dec. 31, 2010. Whether you are building a new home or renovating an existing one, there are ways to take advantage of this tax credit.




For existing homes, tax credits are available at 30% of the cost, up to $1500. in 2009 and 2010 for windows and doors, insulation, roofs, HVAC systems, water heaters (non solar) and biomass stoves. For existing new homes, tax credits are available at 30% of the cost, with no upper limit through 2016 for geothermal heat pumps, solr panels, solar water heaters, small wind energy systems and fuel cells.




For home improvements:






  • must be 'placed in service" 1/1/2009 through 12/31/2010


  • must be owner's primary residence


  • must have a Manufacturer Certification statement to qualify


  • for record keeping , save receipts and manufacturer certification statement.


For more information on how to qualify for and /or apply for these tax credits visit-



www.energystar.gov/taxcredits





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