Gottfried Green
Energy Star Tax Credits
While I am on the Energy Star Site it's a good time to also bookmark the current energy tax cuts. There is a very clear chart with all the resources to select products, find out the amount of the tax cut, what receipts/proof you'll need and finally you can print the various tax forms.Important to note: "Home Improvements
The Internal Revenue Service (IRS) has provided guidance for consumers: IRS Notice 2006-26.
Tax credits are available for many types of home improvements including adding insulation, replacement windows, and certain high efficiency heating and cooling equipment. See chart. The maximum amount of homeowner credit for all improvements combined is $500 during the two year period of the tax credit. This tax credit applies to improvements made to your primary residence from January 1, 2006 through December 31, 2007.
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, the tax credit for photovoltaics, solar water heating, and fuel cells is available for homeowners building new homes."
Labels: appliances, cost, Energy, taxes
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posted by Mrs Gottfried at 12:59 PM
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