Tag Archive | "IRS Tax Credit"

Save Tax by Saving Energy


As a part of American Recovery and Reinvestment Act 2009, the tax credit for non business energy property credit has been increased as a result you would be able to save a lot on tax if you take steps to save energy in your home.

  1. In the new law the credit rate has been raised to 30% of total cost of the improvements that qualify.
  2. Maximum limit of credit that could be claimed for years 2009 and 2010 is $1500.
  3. The improvements that are qualified would be something like insulation installation, heating and air conditioning systems that are energy efficient and exterior windows that are energy efficient.
  4. The products used for saving energy should be of a higher standard than specified in 2007 tax credit.
  5. The improvement claimed must be a part of tax payer’s principal residence that is located in United States.
  6. A certificate from the manufacturer to the tax payer assuring the standards met is necessary.

So now do you realize the importance of creating an energy efficient atmosphere that i usually advice? Act now and save most next year!!!

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