For Your Home
The Energy Tax Credit is one of the best ways to save money on your taxes involving home improvements.
Here is a basic run down of how the tax credit currently works and which products are eligible.
1. Tax credits are available at up to 30% of the cost, with a cap of $1,500 in 2009 & 2010 (only for existing homes, not new construction, and must be your principle residence) for:
- Windows and Doors
- Water Heaters
- Biomass Stoves
Tax credits are available at 30% of the cost, with no upper limit, through 2016 (for existing homes & new construction – this doesn’t have to be your principle residence, for:
- Geothermal Heat Pumps
- Solar Panels
- Solar Water Heater
- Small Wind Energy Systems
To find information on how to apply for the tax credit, receive the tax credit forms that you need, energy star appliance rebates, and more visit Energy Star.