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Going Green = Tax Savings |
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Written by Angie
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Thursday, 22 January 2009 11:17 |
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Going Green = Tax Savings!
The Emergency Economic Stabilization Act of 2008 can mean
tax savings for you! As of January 1,
2009, the law broadens to give those homeowners who make certain upgrades a tax
credit! The benefits of going green not
only lower your energy bill, increase indoor comfort & reduce pollution
they also lower the amount of income tax you pay.
Check out this table to see how much you can save:
|
Purchase |
Tax Savings |
Notes |
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Central
Air Conditioner or Heat Pump |
300* |
Only Some
Energy Star Products Qualify |
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Furnace
or Boiler |
150* |
Only Some
Energy Star Products Qualify |
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Windows |
Up to $200* |
All
Energy Star Window Qualify |
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Insulation
& Sealing |
Up to $500* |
Most meet
model building code as installed |
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Ground-Source
Heat Pump |
Up to $2000 |
Only
Energy Star product qualify |
*Maximum total of $500 for
home improvements. |