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US Government Tax Breaks Informative - Incentives for home upgrades - tax credit!

Review by 20131 on 2007-12-26
As Consumers you only have a few more days to take advantage of savings for making certain energy efficient improvements on your home. As part of the Energy Policy Act of 2005 the government is providing tax credits of up to $300. You save on this year's taxes if you buy new energy efficient items like water heaters or heat pumps. You can even save up to 10-percent on insulation for your home.

So if you've put off that to do list, you literally have days to cash in.

Here are a few examples of the savings:

Water Heaters
Electric: 2.0 Energy Factor=$300 tax incentive
Gas and oil: 0.8 Energy Factor=$300 tax incentive

Improvements to Existing Homes
Windows and skylights-Must meet International Energy Conservation Code=10% up to $200 tax incentive.

go green and save some green!
pwp
Comments:7 Replies - Latest reply on 2007-12-26
Posted by DebtorBasher on 2007-12-26:
I'm not a homeowner...but I find the information very valuable for those who are...Thanks.
Posted by Anonymous on 2007-12-26:
Always here to help.
Posted by Anonymous on 2007-12-26:
Thanks for the info.
Posted by Anonymous on 2007-12-26:
Thanks for passing on this useful info. We have a 100 year-old home and took advantage of these incentives last year with new windows and insulation that was blown into the walls (an environmentally safe foam). We received the rebates and are reaping the benefits this year with a much warmer home (and cooler in the summer too). So, not only will you receive a rebate, but you will also save much more in the future on heating and cooling.
Posted by Anonymous on 2007-12-26:
yw, dianec!
Posted by Anonymous on 2007-12-26:
As always Pirate, very helpful!
Posted by DebtorBasher on 2007-12-26:
PIRATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Check your messages...I'm waiting for an answer!!!!!

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