Thursday, October 29, 2009

Home Energy Tax Credits: It Is Not Too Late!

Federal Tax Credit I received the following article as part of a newsletter from the National Grid....

Thinking of remodeling your home or upgrading your heating and cooling equipment? You may be eligible for a federal tax credit to help reduce the cost! Homeowners can receive a tax credit for making energy-efficient home improvements or for installing high-efficiency heating and cooling or water-heating systems. The incentive is equal to 30% of the cost of materials or installation for projects—subject to an overall cap of $1,500.

What Types of Improvements Are Eligible? A variety of energy-efficient building products and equipment are eligible for the tax credit, including: windows and doors, insulation, metal and asphalt roofs, heating and cooling, water heating, and biomass stoves.

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