Up to $1500 Tax Credit
Receive up to $1500 for the installation of qualified energy efficient home improvements
The American Recovery and Reinvestment Act of 2009 (ARRA) was signed into law on February 16, 2009 thus granting homeowners the opportunity to recoup up to 30% of the installed price of energy efficient improvements made to their homes between January 1, 2009 and December 31, 2010.
What improvements qualify:
Qualifying improvements include energy-saving heating & cooling equipment along with indoor air quality components. The full $1,500 tax credit can be applied to a single purchase or a combination of appliances or energy improvements.
How to get the credit:
Use IRS Form 5695 to file for the credit. It is strongly recommended that you consult with a qualified CPA and keep all records and receipts of purchases.
Limitations of the credit:The tax credit is only available on the taxpayer's primary residence and can only be claimed on their personal income taxes.
