Residential Energy Efficiency Tax Credit Updated for 2011
Some of you may know as a result of the federal recovery funds, homeowners enjoyed a brief but substantial increase in the energy efficiency tax credit and many of you took advantage of it, as evidenced by the flurry of activity in December as many of our customers tried to get work done before the expiration on December 31st, 2010. For those of you who did not make it under the wire all is not lost. The federal government has extended a reduced & modified version of this tax credit through December 31st, 2011.
While all the details aren’t clear yet, we know this: Through December 31st 2011, homeowners may take advantage of up $500 in tax credits for energy efficiency measures put into service this year. There are some differences between this program and the last, so make sure you check out the DSIRE website. Another significant limitation to remember, is anyone who has previously taken advantage of this tax credit in excess of $500 is no longer eligible.
So for those of you who are still eligible, don’t miss this change to save more money (courtesy of your taxes), while saving money and helping the planet.
For more information visit the DSIRE website, it is the most comprehensive site for all rebates, federal, state or local.
There is some additional information on the Energy Savvy website.
