Home improvements that pay you back and save you money.

By
Managing Real Estate Broker with Riley Jackson Real Estate Inc.

 

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.

 

Sandy Nelson
Olympia Realtor®, GRI, ASP, Built Green
360-789-7505
www.SandyNelsonRealEstate.com

_____________________________________________________________________________________________________

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Planning a home purchase or the sale of your home will be much more enjoyable when you work with a friendly and knowledgeable professional. I'm dedicated to helping you make informed decisions and providing you with exceptional skill and service.

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Rainmaker
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John Thomas
E3 Green HOMES - Boulder, CO
EcoBroker, MSEE, MBA

Thanks Sandy...great summary of the tax benefits for energy efficiency. I am hoping more people step up to take advantage of these incentives.

Jan 24, 2010 10:54 AM #1
Rainmaker
562,158
Sandy Nelson
Riley Jackson Real Estate Inc. - Olympia, WA
your Olympia area Realtor

John, I'm hoping the incentive dollars will do their part.

Jan 25, 2010 01:56 AM #2
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Rainmaker
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