Eco-Tax Tip -- Only 5 Months Left!

By
Industry Observer with Retired from RE/MAX Peak Properties

Thinking of replacing a window or door in your home? Perhaps your hot water heater is percolating and has been around a few too many years? Now is the time to consider replacement because if you have it done before December 31, you'll get a tax credit (not just a deduction) for doing so. This means you take the dollar amount right off the check you would otherwise write to Uncle Sam (or he adds it to your refund).Solar Heating System Control

At right -- a solar heating system control -- you don't need to get this complex to get the credit!

Tax credits are available for many types of home improvements including adding insulation, replacement windows, and certain high efficiency heating and cooling equipment. See chart. The maximum amount of homeowner credit for all improvements combined is $500 during the two year period of the tax credit. This tax credit applies to improvements made to your primary residence from January 1, 2006 through December 31, 2007.

Note: your hot water heater replacement must be the "tankless" kind, also known as "On-Demand."  Perhaps a good idea for your home, perhaps not. But worth investigating, not only for the tax credit but also for energy saving ($$) for many years. Windows and doors are easier to qualify.

Want to buy a Flagstaff home to do this? Contact us!

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If you know someone who wants to buy or sell Flagstaff real estate, send them to my website to get started: BestFlagstaffHomes.com -- from there they can search all listings in Flagstaff -- or have them give my team -- the Elite Team at RE/MAX Peak Properties a call at 928-714-0001. For more information on Flagstaff houses, give us a call.

Each office of RE/MAX is independently owned and operated. Each agent is an independent business.

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Rainmaker
201,806
Stephanie Edwards-Musa
thredUP.com - The Woodlands, TX
knitwit at thred UP
Hi Ann, this is interesting.  I will have to look into this for more information.  Thanks for posting this.
Jul 22, 2007 11:28 AM #1
Rainmaker
509,976
Ann Heitland
Retired from RE/MAX Peak Properties - Flagstaff, AZ
Retired from Flagstaff Real Estate Sales
I was led to the info as I'm working my way through the Eco-Broker certification courses.
Jul 22, 2007 12:39 PM #2
Rainmaker
201,806
Stephanie Edwards-Musa
thredUP.com - The Woodlands, TX
knitwit at thred UP
Thanks Ann, I'll look back through my books.
Jul 22, 2007 02:27 PM #3
Rainmaker
671,788
Jim & Maria Hart
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate
Very good information, Ann.  It's great that the government is willing to give us money back on making our homes more efficient and earth friendly.
Jul 22, 2007 11:23 PM #4
Rainmaker
509,976
Ann Heitland
Retired from RE/MAX Peak Properties - Flagstaff, AZ
Retired from Flagstaff Real Estate Sales
Jim and Maria -- Yes, it is, but, did you know that the U.S. govt will spend over $450 billion to research coal energy production and only about 150 billion to research solar energy in this fiscal year?
Jul 23, 2007 03:07 AM #5
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Rainmaker
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Ann Heitland

Retired from Flagstaff Real Estate Sales
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