Broadhead

Energy Efficiency Home Improvement Tax Credits

If you are looking to make improvements to your home (such as windows, doors, insulation, or a new air conditioning unit), you may qualify for an energy efficiency tax credit! A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed.

Consumers who purchase and install specific products in their principal residence can receive a tax credit for 30% of the cost, up to $1,500, for improvements made starting January 1, 2009 through December 31, 2010.

Tax credits are available at 30% of the cost, up to $1,500 in 2009 and 2010 for the following:

• Windows and Doors
• Insulation
• Roofs (Metal and Asphalt)
• HVAC
• Water Heaters (non-solar)
• Biomass Stoves

Tax credits are available at 30% of the cost, with no upper limit through 2016 for the following:

• Geothermal Heat Pumps
• Solar Panels
• Solar Water Heaters
• Small Wind Energy Systems
• Fuel Cells

If you would like more specific information on what qualifies for the tax credit, please contact us!

Contact us today for a free remodeling estimate, so you can start making memories in your new home!