Now is a great time to make energy efficient improvements to your home. Not only has the cost of construction reached an all time low, but the new Federal Stimulus Bill has increased energy efficiency or “green” tax credits for homeowners. If you have been thinking of renovating or constructing an addition to your home, you should also consider taking advantage of some of these programs. Not only will you save money on purchase and installation, you will continue to reap the energy cost saving benefits year after year.
The following Federal Tax Credits for Energy Efficiency are part of the Obama Stimulus Bill.
Homeowners who make energy efficient home improvements (to existing homes) including energy efficient windows and doors, insulation, roofs, HVAC, water heaters (non-solar), and biomass stoves are eligible for a Tax Credit of 30% of the cost, up to a maximum of $1,500 for 2009 & 2010.
Homeowners who install geothermal heat pumps, solar panels, solar water heaters, small wind energy systems, and fuel cells (in new or existing homes) are eligible for a Tax Credit of 30% of the cost with no upper limit through 2016.
For more information on sustainable design visit our website at http://www.BohlArchitects.com/green.htm.
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