Tax Credits For Weatherizing Your Home

Homeowners making   improvements this fall can cut their winter heating bills and lower their tax bill by claiming one or both of the following income tax credits: (1) the non-business energy property credit, which equals 30% of the cost of eligible energy-saving improvements, up to a maximum tax credit of $1,500 for the combined 2009 and 2010 tax years; and (2) the residential energy efficient property credit, which equals 30% of what a homeowner spends on qualifying property such as solar electric systems, solar hot water heaters, geothermal heat pumps, wind turbins, and fuel cell property.  Homeowners with tax-saving aspirations should check the manufacturer’s tax credit certification before purchasing or installing an improvement.

PostHeaderIcon It’s Not What You Earn, But What You Keep, After Taxes.™
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