TAX TIME: Hooray for Homeowners!
Your first reaction when you think of taxes may not be “hurray,” but if you’re a homeowners and you have made certain improvements to your property during the past year, you very well many have cause to celebrate.
The American Recovery and Reinvestment Act of 2009 extended many consumer energy tax incentives. So if you purchase and installed energy-efficient windows, for example, you may qualify for a tax credit of 30% of the cost, up to $1,500.
Not all products, however, qualify for a tax credit. To see if you can take advantage of this savings, visit www.energystar.gov and look for the button that says “Tax Credits for Energy Efficiency” on the home page. Or go to www.dcireusa.org . The Database of State Incentives for Renewables & Efficiency (DSIRE) is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency.
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