2009 Tax Credits for Energy Saving Home Improvements
Here’s one good reason to put off for tomorrow what you could get done today…
The energy tax credits that we all enjoyed in 2007, but expired in 2008, are now back on for 2009! Remember that bailout bill? When it passed on October 3, 2008, it reinstated a bunch of energy tax credits for certain home improvements. Below are a few highlights of the savings you could enjoy. For a complete list, see the government’s table at energystar.gov. (Note, some restrictions apply to these credits that are not listed here).
- 10% credit up to $200 on window/skylight/storm windows replacements.
- 10% credit up to $500 for exterior doors and storm doors.
- 10% credit up to $500 for installing insulation.
- $300 for >14 SEER HVAC replacement.
- 30% credit up to $2000 for geo-thermal heat pump system.
- $150 for >95 AFUE boiler/furnace replacement.
- 30% credit up to $2000 for solar water heating system.
- 30% credit up to $500/.5KWh / $4000 total for small wind power system.
What do you think? Did you take advantage of these credits in prior years? Will the new announcement affect your home improvement schedule?
Photo courtesy of Anaivette.
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One Response to 2009 Tax Credits for Energy Saving Home Improvements
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November 28th, 2008 4:37 pm
Wow, great bunch of ideas. I recently posted on potential 2009 tax return savings and these are great ad ons. Always good to discover new ways to save.