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Homeowners can get a large tax credit for green home improvements

By
Services for Real Estate Pros with Jackson Virtual Services

Perhaps you've seen the signs in the window of your local home improvement store - "Get $1,500 in tax credits for energy-efficient home improvements!"

This is not just the store trying to get you to open a new account with them.  The government, through the use of federal stimulus money, will give homeowners a tax credit of up to $1,500 for improvements made to their primary residence for upgrades to windows and doors, insulation, roofing, air conditioning, heat pumps and many other items through December 31, 2010.

$1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 and 2010 for most home improvements, except for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016.

In addition, there is no income limit on this tax credit and some improvements, such as the geothermal heat pump, can be applied to new homes as well.

Details of upgrades and their tax credit amounts can be found at www.energystar.gov/taxcredits.

Mike Hogan
The Hogan Group at Keller Williams Realty - Mechanicsville, VA
MBA

Karen- hopefully more people will see those signs and will take advantage of it!

Aug 26, 2009 02:09 PM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Great article with good information

Aug 27, 2009 12:55 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

 Great post thanks for the useful detailed information

Mar 21, 2015 10:13 PM