Energy and Tax Savings
With April 15th approaching, now is a good time to think about ways to save money on taxes.
Congress, in the latest stimulus plan, tripled the tax credit for energy-efficiency home improvements. The tax credit now covers up to 30 percent of the cost of products installed this year and next.
This means homeowners can save 30%, a total credit of up to $1,500, off big-ticket items: windows, outside doors, metal or asphalt roofs, heating and cooling equipment and fuel-cell batteries, updating your existing heating and cooling equipment, including furnaces, boilers and air conditioners among others.
Check out www.energystar.gov for more information on what items are covered for tax deductions on home improvements.
Tags: Energy, Energy Star, Taxes