Federal Tax Credit
If you're looking for a tax break this year...you may be able to use the tax credit available for completed home improvements that make your home more energy efficient.
The following can provide federal tax credits- an amount taken directly off your tax owed (as opposed to simply reducing taxable income):
** 30 percent off the purchase price up to a $1,500 maximum, on insulation windows, doors, skylights, storm windows & doors, & roofing (metal or asphalt).
** HVAC (heating, ventilation & air conditioning) systems
** Air source heat pumps
** Natural gas or propane furnaces
** Oil furnaces
** Hot water boilers
** Whole house fans- an advanced main air circulating fan
** Water heaters
** Biomass stoves- stoves that burn any plant derived fuel available on a renewable basis
** Geothermal heat pumps
** Solar energy systems for heating water or providing electricity for a residence
** Small wind energy systems
** Fuel cells
(Remember to check for efficiency requirements that meet the federal standards eligible for the tax credit. Go to energystar.gov/taxcredits for specific information because requirements vary from purchases made before June 1 to those made after June 1 2009.
Local Rebates
Seattle City Light customers can receive a rebate now on qualified clothes washers by contacting SCI, and consumers can potentially save money through rebates from Washington state on appliance purchases in 2010.
The Department of Energy recently accepted applications from states for federal funds to be used in specific rebate programs (WA state has applied for, but not been approved for these rebates yet. They are proposing rebates for high efficiency refrigerators and clothes dryers. If approved the program will begin sometime in February 2010. Check www.commerge.wa.gov/recovery for the most recent information).
If you have any questions or comments please let me know at christin.leupold@att.net
|
|
