Last year's economic stimulus package included an increase in the tax credit for energy efficient home improvements. The tax credit was 10%, and has been increased to 30% of the cost you incur when making improvements. The improvements must be certain acceptable improvements.
The old credit had a lifetime maximum of $500, but has been replaced by a max of $1,500. The special limits for windows and doors have been eliminated. The improvements must be done by January 1, 2011, and only apply to your principal residence.
The windows, doors, and skylights must have the right U-Factors (how well they prevent heat from escaping) and SHGC measure (how well they block heat from the sun). The NFRC (National Fenestration Rating Council) website will have the list of qualifying products. The website also has a database of state incentives.
As well as windows, doors and skylights, the credit is available for insulation, certain roofing materials, heating systems, water heaters, and certain efficient air conditioning. There are 30% credits for solar, wind and geothermal systems that have no dollar cap and are good on installations through December 31, 2016.
For more information, go to www.energystar.gov
Homes for sale in Frederick Md
Chris & Karen Highland
301-831-9947
isell4u2@msn.com
The old credit had a lifetime maximum of $500, but has been replaced by a max of $1,500. The special limits for windows and doors have been eliminated. The improvements must be done by January 1, 2011, and only apply to your principal residence.
The windows, doors, and skylights must have the right U-Factors (how well they prevent heat from escaping) and SHGC measure (how well they block heat from the sun). The NFRC (National Fenestration Rating Council) website will have the list of qualifying products. The website also has a database of state incentives.
As well as windows, doors and skylights, the credit is available for insulation, certain roofing materials, heating systems, water heaters, and certain efficient air conditioning. There are 30% credits for solar, wind and geothermal systems that have no dollar cap and are good on installations through December 31, 2016.
For more information, go to www.energystar.gov
Homes for sale in Frederick Md
Chris & Karen Highland
301-831-9947
isell4u2@msn.com
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