Home Energy Tax Credits to Save You Thousands In 2009
Home energy tax credits are available for solar energy, energy efficiency, biodiesel and hybrid cars, home solar panels and more. See which federal home energy tax credits you can claim in 2009.
When Congress passed the financial bailout bill late last year, it included a range of federal tax credits and cash gifts for businesses — but also a suite of new and renewed tax credits for individuals who want to make energy efficiency and renewable energy improvements to their home or cars. When President Obama signed the economic stimulus bill in February, the federal government expanded and extended some of those credits.
So what’s in it for homeowners and other regular taxpayers? There are several important provisions anyone can take advantage of (changes made by the economic stimulus bill are in bold). This list includes:
$1,500 Home Tax Credits for Energy Efficiency
You can claim a home tax credit for energy efficiency improvements made in 2009 (but not for improvements made in 2008) if you installed new insulation, energy-efficient windows or an energy-efficient furnace, boiler or air conditioner.
Leave your response!