Energy Tax Credit

Have you taken advantage of the energy and money saving incentives in the American Recovery and Reinvestment Act?

If you’re unfamiliar with the multi-billion dollar federal bill signed into law in February 2009, the basic objectives included creating and saving jobs, spurring economic activity and fostering long term economic growth.

Part of the economic stimulus package offers several opportunities to save money when purchasing high efficiency appliances and energy saving vehicles. The legislation also includes incentives for those interested in making upgrades in their homes through Home Energy Efficiency Improvement Tax Credits.

Home Energy Tax Credits are available to consumers who purchase specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment, installed in existing homes.

Homeowners can receive a tax credit for 30% of the cost, up to $1,500, for improvements placed “in service” from Jan. 1, 2009, to at least Dec. 31, 2010. You can check out energystar.gov for a complete summary of energy efficiency tax credits available.

With the fall in full swing and winter winds not far away, there is no time like the present to get home repairs underway. Not only do you have financial incentives to get it done, you also have a great Provider Attorney ready to review contracts with everyone you hire to work on your home.