News

Remember to Renovate Before Energy Tax Credits Expire

November 04, 2010

Homeowners have two more months to take advantage of tax credits that can save energy and reduce utility bills with more energy-efficient windows and doors, insulation and heating and cooling equipment, according to the National Association of Home Builders (NAHB).

The tax credit for efficiency upgrades in existing homes (Internal Revenue Code Section 25C) is available for 30 percent of the cost, up to a $1,500 limit for 2009 and 2010, for the installation of certain types of insulation, windows, roofs, water heaters, heat pumps, air conditioners and furnaces. Details on qualifying products and instructions for obtaining the credit are available here.

"Our members are ready to help consumers make the best choices for their homes, but home owners should act soon if they want to qualify for up to $1,500 in tax credits when they complete their 2010 income tax returns," said NAHB remodelers chair Donna Shirey, a remodeler and builder in Issaquah, Wash.

"We think it would be a great benefit to both the environment and to our economy to extend these tax benefits, but they are scheduled to expire at the end of the year," Shirey said. "For that reason, NAHB suggests that homeowners get the work done before December 31, while the tax credits are still available.”
Post a Comment
blog comments powered by Disqus
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Ads by Google