Tax Credits for Making Your Home Energy Efficient

Courtesy of 360 Degrees of Financial Literacy from the American Institute of Certified Public Accountants.

The American Recovery and Reinvestment Act of 2009, better known as the Stimulus Bill, has provisions that provide tax credits for making your homes more energy efficient.

For 2009 and 2010, you can receive a tax credit of 30% of the cost of the following items in your principal residence:

• New windows
• New doors
• Insulation
• Roofing
• HVAC
• Non-solar water heaters
• Biomass stoves

There are also provisions for tax credits on installation of larger items, such as geothermal heat pumps, solar panels, etc. For a more detailed explanation and to see the full article from 360 Degrees of Financial Literacy, click here.