Did you know that installing energy-efficient windows or doors in your primary residence will qualify you for a tax credit? This credit equals 30 percent of the cost, but is capped at $1,500. If you're installing any renewable energy improvements such as solar panels or geothermal heat pumps, there's also a credit of 30 percent of the cost, but this credit isn't capped, and the home doesn't have to be your principal residence.
Congress passed this stimulus package in 2009 to help promote energy efficiency. http://www.energy.gov/taxbreaks.htm
By taking advantage of this incentive, you don't just get help with the costs of the improvement, but you'll ultimately save money on your utility bills. Another bonus is the increase in re-sale value for your home. Home buyers are looking more and more for energy saving features.
In addition, many local utility companies offer rebates for energy efficiency improvements, so the incentives don't just end with the federal tax credits. And speaking of tax credits, home buyers can still get up to $8,000 for buying a home by June 30th of this year. See my article about the home buyer tax credits here.
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