The American Recovery and Reinvestment Act of 2009, that President Obma signed into law on February 17, 2009 is loaded with provisions that are supposed to jump start the economy. Approximately 35% of the bill includes TAX CUTS.
The President is really interested in energy conservation. He is also a champion of putting people to work through the creation of more GREEN jobs. The ARRA has significant provisions for making homes and buildings more energy efficient. So if YOU take advantages of the TAX CUTS available to you to make your home more energy efficient, then you will be saving money by saving energy costs, creating a job for someone AND getting a tax credit. Sounds like a Win - Win - Win.
One of the tax advantages that you can take advantage of through 2010 is a 30% tax credit for the purchase of a new furnace, windows or insulation.
Last year I put all new windows in my house. I am able to take a tax credit this year (2008), but it was only for 10% of the cost. Now that credit is 30%.
Is your furnace energy efficient? Click here for information on how much you can save with a new energy star furnace. Have you looked in your attic at the amount of insulation up there (insulation shrinks and deterorates over time). Do you have insulated windows? Additions of any of these can save you big bucks if you replace them in the next 2 years.
If you would like to more about the American Recovery and Reinvestment Acts of 2009, check out my monthly on-line newsletter. If you would like to receive a copy every month, let me know at www.ToniBird.com.
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