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Giraffe Realty Ramblings

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By Kathy Jones | Broker in 77024

Lower Your Home Energy Bill and Get a Tax Credit!

Lower Your Home Energy Bill and Get a Tax Credit!

With it being tax season, I wanted to pass along a great tax credit for homeowners. By making cost effective, energy efficient home improvements, you can qualify for a tax credit of $1500.

Here are the requirements and rules:

1.    You must make the improvements in 2009 and/or 2010 for the tax credit.

2.    The tax credit is 30% of the cost of the improvements or up to $1500.

3.    It is a one time tax credit and can be claimed on 2009 or 2010, or partly on each year's tax return.

4.    If you used the $500 tax credit in 2006-2007, you can only use the remaining $1000 now.

5.    The improvements can be for heating, cooling equipment (not window ac units) or "building envelope" products. This includes, replacement windows, storm windows, storm doors, insulation, etc. Installation costs for these "building envelope" products are not covered, but the cost for heating and cooling are.

Please keep in mind I am not a tax expert, so for any questions go to www.energytaxincentives.org. ,   or ask your tax advisor.



By Ria017,  Tue Feb 9 2010, 18:24
This is such a great news! I'm sure a lot of poeple will be motivated to find ways in "Living Green". People who pursue ENERGY STAR ratings or “Green” products typically do so from the motivation to save energy and/or to use renewable resources – rarely is the motivation to brag about the certification itself. This is a good thing for the window tinting industry because no window tinting product is currently ENERGY STAR rated because the complicated approval process only rates the EXACT product and construction being tested and is therefore predisposed to the special interests of the window replacement industry. To get free information about window tints, visit http://www.TintBuyer.com. They inform buyers on the actual ENVIRONMENTAL and FINANCIAL benefits of window films. Buyers must be in control by being informed of what we really need nowadays.
By www.DaveYourMortgageGuy.com,  Thu Feb 25 2010, 19:41
Kathy, Great Info. http://www.DaveYourMortgageGuy.com
By Kathy Jones,  Thu Feb 25 2010, 20:21
You passed it along to me. Thanks!
By Sflanagan,  Sat Mar 6 2010, 15:15
I do residential tinting on homes her in the Atlanta area. Some of my customers call me back and tell me that they are saving 20% on their electricity bill because it is so efficient.....

By James Gordon ABR PBD SFR SRS,  Sun Mar 7 2010, 05:27
Thanks for the helpful information.

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