Earn Tax Credits for Home Energy Efficiency

Real Estate Agent with Realty Advisor Group at Keller Williams

Money in handThe Energy Savers Blog wrote about energy tax incentives available in 2009, which were amended to provide even more incentives for you to make your home energy efficient:

  • The credits for items such as windows and doors, insulation, roofs, HVAC, and water heaters (non-solar) are now available for improvements made in 2009 and 2010 (previously they were only available for 2009).
  • The credits have been raised from 10% to 30% of the cost. Those items that had a specific dollar amount have been changed to a 30% credit.
  • The maximum credit over two years has been increased to $1,500 (up from $500).
  • Improvements such as geothermal heat pumps, solar water heaters, solar electric systems, small wind systems, and fuel cells are not subject to the $1,500 maximum and are still available through 2016 for both existing and new homes.
  • The $200 cap on tax credits for windows has been removed, but the require-ments are more stringent and not all ENERGY STAR windows qualify for a credit.

Read the entire article.

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