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Energy efficiency tax credits to benefit homeowners, environment

June 22, 2009 by  

Energy efficiency tax credits to benefit homeowners, environment Those who make energy efficiency home improvements may qualify for a tax break, and the Tax Incentives Assistance Project (TIAP) has set out to remind Americans to take advantage of them not only to cut their bills but also to help the environment.

The federal income tax credits of up to $1,500 for specific home improvements are available through 2010, under the provisions of the American Recovery and Reinvestment Act of 2009 (ARRA).

Kateri Callahan, president of the Alliance to Save Energy, a TIAP founder, says this credit, that is more generous than the one offered in 2006-07, puts energy- and money-saving home improvements within reach of more American families.

"[H]omeowners [have] more than a year to plan and budget for the more costly energy efficiency upgrades, which will then provide a terrific return on investment in lower energy costs for years to come," she adds.

Improvements that qualify for the break include a range of building envelope products, such as storm windows, storm doors, skylights, select ENERGY STAR asphalt and metal roofs, insulation, and other sealing products.

Heating and cooling equipment, such as furnaces, boilers, ground source or geothermal heat pumps, gas or propane water heaters, central air conditioning systems and biomass stoves also qualify.

The Alliance to Save Energy is a coalition of business, government, environmental and consumer leaders who promote the efficient and clean use of energy to benefit consumers, the environment, economy and national security.
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