Federal Tax Credits for Consumer Energy Efficiency – New for 2011
Homeowners Can Claim Up To 10% of Cost up to $500 by Upgrading to Energy-Efficient Heating and Air Conditioning
Congress has passed new tax credits for homeowners who purchase energy-efficient products or make energy-efficient home improvements through to the end of 2011. Homeowners who have been been looking to upgrade their heating and cooling systems or make other energy-efficient home improvements can still get a tax credit of up to 10% of the cost, up to $500 if they make those improvements in the coming year.
According to the tax code, if you purchase an energy-efficient product or renewable energy system for your home in 2011, you may be eligible for a federal tax credit of 10% of the cost, up to a total credit of $500. This tax credit applies to primary residences and existing homes only. The tax credits include purchases of certain HVAC equipment and water heaters (as well as energy-efficient windows, doors, roofing and insulation). The deadline for purchasing and placing in service is December 31, 2011.
The tax credit applies to certain heating and cooling products. Contact us today for details.