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Which Products Count for a Federal Tax Credit????? |
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Tuesday, 03 November 2009 |
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IS THE STIMULUS WORKING? Not every product that saves a homeowner energy counts for a federal tax credit, so it pays to do your homeowrk. EngeryStar.gov/taxcredits summarizes which products qualify and for how much. Here are some of the basics: Tax credits for 30 percent of the cost and no limit through 2016 (for existing homes and new construction): * Geothermal heat pumps * Solar panels * Solar water heaters * Small wind energy systems * Fuel Cells
Tax credits for 30 percent of the cost, up to $1,500 (in 2009, 2010): * Windows and doors * Insulation * Roofs (metal and asphalt) * HVAC * Water heaters (ono-solar) * Biomass stoves Source: www.housingzone.com |
