Your Last Available Tax Credit

You still have about 90 days to qualify for one of the last remaining tax credits available from the 2010 American Recovery and Reinvestment Act.

When the law went into effect it increased the energy tax credit for homeowners who make energy efficient improvements to their existing homes, increased the credit rate to 30 percent of the cost of all qualifying improvements, and raised the maximum credit limit to $1,500 for improvements put in service in 2009 and 2010.

The credit applies to improvements such as adding insulation, energy efficient exterior windows and energy-efficient heating and air conditioning systems.

Since it was implemented, the program has suffered a bit from confusing marketing and regulatory issues. For instance, not every appliance labeled as “Energy Star” is eligible for the tax credit. Some replacement windows and doors qualify for the credit, while others don’t.

The best approach, say the experts, is to work with a vendor you trust and confirm purchases with the government’s official website at www.energystar.gov.

If you'd like a recommendation of a vendor for a particular part of your home (heating and cooling, general contracting, plumbing, etc.) give me a call. I have a list of fine folks with whom I've worked, and who have earned my trust. I'd be delighted to refer you to someone honest and reputable.

Robert Flinn
919-698-2040 (Direct)
919-402-1242 (Office)
rflinn@fmrealty.com