Tax Credits for Consumers:
*Subject to a $1,500 maximum per homeowner for all improvements
OF TAX CREDITS FOR HOMEOWNERS
Tax credits are now available for home improvements:
►must be placed in service from January 1, 2009 through December 31, 2010
►must be for taxpayer's
principal residence, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, and small wind energy systems (where
second homes and rentals qualify)
►$1,500 is the maximum total amount that can be claimed for all products
placed in service in ►2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters,
solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016
►must have a Manufacturer Certification Statement to qualify (Available on our "Links" Page)
keeping, save your receipts and the Manufacturer Certification Statement
►improvements made in 2009 will be claimed
on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late
2009 or early 2010
►If you are building a new home, you can qualify for the tax credit for geothermal heat pumps,
photovoltaics, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors,
insulation, roofs, HVAC, or non-solar water heaters. More.
Frequently Asked Questions:
installation costs covered by the tax credit?
there an income limit on the tax credit?
forms do I need for the energy efficiency tax credits?
Tax Credit FAQs