It is the hot lazy, hazy days of summer and along with the heat comes additional expenses. If you own your home, you can make your home more energy efficient. Not only will you save on utility bills, you can reduce what you owe the IRS. For 2011 the maximum credit is $500 for eligible energy upgrades. These upgrades include heating and air conditioning systems, insulation, water heaters, windows, and doors. If you previously claimed an energy credit between 2005-2010 of $500 or more, you are not eligible for the 2011 credit.
However, if you make solar energy, wind power, or geothermal system upgrades, the tax break is even better; up to 30% of the cost, with no upper limit. This credit is available through 2016.
For questions or more information about Home Energy Efficiency Tax Credits, please call Lisa Fairbanks at (850) 435-8300, ext. 1066.
No comments:
Post a Comment