Energy tax credits expanded
Energy tax credits expanded for ‘09 and ‘10
The economic stimulus bill increased the energy tax credit for homeowners who make energy efficient improvements to their existing homes.
The new law increased the credit to 30% of the cost of qualifying improvements and raised the maximum credit limit to a total of $1,500 for improvements placed in service in 2009 and 2010.
The credit applies to improvements such as adding insulation, energy efficient exterior windows and energy-efficient heating and air conditioning systems. Homeowners should be aware that the efficiency standards in the new law are higher than for the 2007 credit. Manufacturers can certify that their products meet the new standards.
© 2009, Real Estate Information Services, Capitol Assets, Choice Real Estate, Inc.
BJ Matson, 240-281-6732
Montgomery County Realtor®
choicerealestate.net contributing writer