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Posted over 14 years ago

Fed Tax Credits Expiring Soon - Find out what qualifies here!


WHAT QUALIFIES?
Federal tax credits for buying an energy-efficient product or renewable energy system for your home are available. Here are some examples of what's covered by the various credits. For more information, go to .

The tax credit gives you 30% of the cost up to $1,500 for:

  • biomass stoves
  • heating, ventilating, air-conditioning
    insulation
  • roofs (metal and asphalt)
  • water heaters (non solar)
  • windows and doors

The credit expires Dec. 31 and applies only to existing homes and principal residences. A tax credit of 30% with no upper limit is for:

  • geothermal heat pumps
  • small wind turbines
  • solar energy systems

The credit expires Dec. 31, 2016, and applies to new and existing homes. Principal residences and second homes qualify, but not rental properties.

Be sure to keep up to date with all the latest news that is both relevant for real estate and life as it pertains to your wallet, living conditions and the economy by following my blog weekly for some informative articles published by yours truly, Ben :)

Feel free as always to please forward my blog onto any friends or family that may benefit from it!


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