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Federal Tax Credits for Energy Efficiency
On October 3, 2008, President Bush signed into law the "Emergency Economic Stabilization Act of 2008." This bill extended tax credits for energy efficient home improvements (windows, doors, roofs, insulation, HVAC, and non-solar water heaters). Tax credits for these residential products, which had expired at the end of 2007, will now be available for improvements made during 2009. However, improvements made during 2008 are not eligible for a tax credit.
The bill also extended tax credits for solar energy systems and fuel cells to 2016. New tax credits were established for small wind energy systems and plug-in hybrid electric vehicles. Tax credits for builders of new energy efficient homes and tax deductions for owners and designers of energy efficient commercial buildings were also extended.
Check out this website for details on the federal tax credits visit ENERGY STAR at http://www.energystar.gov/index.cfm?c=products.pr_tax_credits.
Keller Williams Real Estate
Heather Rickert
601 Bethlehem Pike
Building B, Suite 100
Montgomeryville, PA 18936
Main Office: 215-631-1900
Direct: 215-850-9640 · Contact Form
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