Archive for the ‘Energy Efficiency’ Category

Everyone Knows About the First Time Home Buyer Tax Credit, but What About the Energy Efficiency Tax Credit?

October 8, 2009

So everyone knows about the first time home buyer tax credit, but many don’t know that the American Recovery and Reinvestment Act of 2009 also offers tax breaks for homeowners who want to improve their home’s energy efficiency, or maybe just want to upgrade some important items such as windows, heaters and A/C, hot water heaters, or their roofs and want to get 30%, up to $1,500, back as a tax break. Considering windows cost approximately $400 a piece you could have 12 windows replaced costing approximately $4,800 and you would be able to get the maximum $1,500 back as a tax credit so the job really cost the owner $3,300. Not too bad! It’s like getting 3 to 4 windows for free. The tax credit is valid until December 31, 2010. For more info on energy efficient tax breaks, credits etc. check out this fantastic website