All How-To Topics
The Daily Scoop
|
|
A guide to cutting energy bills and taxes
comments (0) January 5th, 2009 in Blogs
Richard Defendorf, contributor
no recommendations
It’s one thing for Congress to pass energy-conservation tax incentives for homeowners, it's another to make sure homeowners know about them.
That’s where the Tax Incentives Assistance Project comes in handy. Sponsored by a coalition of public interest nonprofit groups, government agencies, and other organizations in the energy efficiency field, TIAP provides consumers and businesses with information about federal income tax incentives for energy efficient products and technologies passed by Congress as part of the Energy Policy Act of 2005 and its subsequent amendments.
Tax credits for home improvements made in 2009 are available for the following:
• Insulation and sealing products – 10 percent of the cost, up to $500, for insulation added to walls, ceilings, or other parts of the building envelope, and for materials to seal cracks in the shell and to seal ducts to reduce infiltration and heat loss. Installation costs are not eligible for the tax credit.
• Windows, storm windows, and skylights – 10 percent of the cost, up to $200, of any new Energy Star-qualified windows. (Installation costs are not eligible.)
• Exterior doors and window films – 10 percent of the cost, up to $500.
• Roofs – 10 percent of the cost, up to $500, for metal roofs with pigmented coatings or asphalt roofs with cooling granules that meet Energy Star requirements. Again, installation costs do not qualify for a tax credit.
• Central air conditioner, heat pump, water heater, or biomass (e.g. corn) stove – up to $300 toward the purchase price, including installation costs.
• Furnaces and boilers – up to $150 for new high-efficiency gas, oil, and propane furnaces and boilers.
• High-efficiency fans for heating and cooling systems – $50.
posted in: Blogs, business
|
|
|
|
-
How to Paint Fiber-Cement Siding
Painter Jim Lacey shares some tips for caulking and painting fiber-cement siding. read more
|
|
About this blog
If you are looking for the latest building industry news, you've found the right Web site. The news we feature here is written by editors and trusted members of the Fine Homebuilding community on topics that matter most to your business. From code changes to lawsuits to matters of credibility, we'll let you know about the issues that affect your bottom line.
Comments (0)
You must be logged in to post comments. Click here to login.