Home Improvements more Green Tips
12 November, 2008 |
by ernesto  |
Home improvement tax credits
Tax credits are available for home improvements "placed in service" from January 1, 2009- December 31, 2009. Any qualified home improvements made in 2008 are not eligible for the tax credit.
Home improvement tax credits are available for insulation, replacement windows, non-solar water heaters, and certain high efficiency heating and cooling equipment. The maximum amount that a taxplayer may claim from all of these tax credits combined is $500 over the lifetime of the tax credit (2006, 2007 & 2009).
If you are building a new home, you do not qualify for the tax credits for "eligible building envelope components" (windows, doors, insulation, roofs) or "qualified energy property" (HVAC & non-solar water heaters). However, you qualify for the solar water heaters, small wind systems and fuel cells tax credits.
Although the tax credits are small, if you are thinking of doing some remodelling, you should take advantage of this.
See the complete tax credit chart
If you are building a new home, you do not qualify for the tax credits for "eligible building envelope components" (windows, doors, insulation, roofs) or "qualified energy property" (HVAC & non-solar water heaters). However, you qualify for the solar water heaters, small wind systems and fuel cells tax credits.
Although the tax credits are small, if you are thinking of doing some remodelling, you should take advantage of this.
See the complete tax credit chart
