|
|
Federal Tax Credits for Energy Efficiency
How has the new Stimulus bill affected the tax credits for energy efficient home improvements in the Seattle Area?
On February 17, 2009, President Obama signed a stimulus bill (The American Recovery and Reinvestment Act of 2009) that made
some significant changes to the energy efficiency tax credits.
The highlights are:
- The tax credits that were previously effective for 2009, have been extended to 2010 as well.
- The tax credit has been raised from 10% to 30%.
- The tax credits that were for a specific dollar amount (ex $300 for a CAC), have been converted to 30% of product cost.
- The maximum credit has been raised from $500 to $1500 for the two years (2009–2010). However, some improvements such as
geothermal heat pumps, solar water heaters, and solar panels are not subject to the $1,500 maximum.
- The $200 cap on windows has been removed.
- Contact Us for a Free Estimate
When You Choose Efficient Windows, Tax Credits are Just the Start of Savings!
Federal tax credits provide you opportunities to save hundreds - even thousands - right of the bat. But tax deductions are only one of the many ways that you can save when you install new home windows. When you consider the numerous financial benefits of efficient windows, along with the resale benefits of replacing home windows, we think you'll find that upgrading now really can be a win-win investment.
Update! - In addition to recently introduced tax incentives, Puget Sound Energy rebates are another new way to save big. If you've been putting off that home renovation project, now is the opportunity that you've been waiting for!
Contact Us Online Today to schedule a free in-home estimate, and find out more about why there's never been a better year to upgrade and save big!
Additional Tax Credit / Deduction Information
This bill extends and modifies the tax credits for windows, doors, and skylights established in the Energy
Policy Act of 2005.
Complete details can be found at the following EnergyStar pages:
About Federal Tax Credits for Energy Efficiency
Rebates and Tax Credits for Windows, Doors, and Skylights
Be sure to Contact Us for a Free Estimate
|
