Are you thinking about making some improvements to your home? You may qualify for a tax credit. Here's some valuable information from Eric Kronberg with Kronberg Wall.
The recently signed American Recovery and Reinvestment Act of 2009 makes federal energy efficiency tax credits available for your upcoming home renovations.
Specific types of high efficiency furnaces, air conditioners, and tankless gas water heaters qualify for the credits. Certain energy efficient doors, windows, roofing, and insulation also qualify. You are eligible to receive a credit for these upgrades if they are installed in existing homes that are primary residences. The tax credit has been raised to 30% of cost up to a total credit of $1500.
There are even greater tax credit opportunities for solar water heaters, geothermal systems, and photovoltaic systems. You can receive a tax credit of up to 30% of the total cost of these systems, and it is not limited to the $1500 cap. In addition to existing primary residences, the credit is also available for vacation homes, rentals, and new construction.
Kronberg Wall Architects are currently providing home energy evaluations to assist home owners determine the most cost effective upgrades for their home. We can provide recommendations for preferred installers to the work.