There are now two energy credits available for your home.  Each can be worth up to $1,500.  The ‘Nonbusiness Energy Credit’ applies to energy improvements you make to your home for certain high-efficiency heating and air systems, water heaters and stoves.  The credit is for 30% of the cost and will apply to purchases made in 2009 and 2010.  The maximum combined for both years will be $1,500.

The second “Residential Energy Credit”  provides for an additional 30% of purchases for home solar electric systems, solar water heaters geothermal heat pumps, wind turbines and fuel cell systems.  Not all systems will qualify so be sure to verify the manufacturer’s certification statement before you buy.  This credit currently only applies to improvements made in 2009.

This entry was posted on Tuesday, January 19th, 2010 at 1:42 pm and is filed under Credits, Home. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.