Colorado Springs Vintage Homes Blog

Federal Tax credit available for remodeling

Energy Tax Credit

For a Free Market Analysis on your neighborhood, email Kathy Torline at KTorline@msn.com

HOME REPAIR

• Colorado Homeowners, don’t remodel until you read this! 
• Do you want to do some green remodeling?

Everyone is talking about the $8000 First Time Home Owners Tax Credit.  But, there is also a $1500 energy tax credit that is available for every home owner.

The American Recovery and Reinvestment Act of 2009 extended a variety of tax incentives that were first started in 2005.  Home owners, including those in Colorado,  can save up to $1,500 on their income tax bill if you install approved energy improvements to your house before December 31st, 2010.

Some things you can use the tax credit for include:

• Air Conditioners
• Insulation
• Furnaces
• Windows / Doors
• Sky Lights
• Roofing
• Water Heaters
• Attic Ventilation
• Solar water heating
• Solar Electricity
• Wind Power
• Geo Thermal
• Sealed Crawl Spaces

To take advantage of this tax credit, Read the rest of this entry »

Tags: American Recovery and Reinvestment Act of 2009, Colorado Spring home improvement, Energy Star Label, home improvement for home sellers, IRS form 5695, IRS podcast, Solar tax credit, window replacement, window tax credit