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Time is running out to earn energy tax credits for 2009
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Reduce your energy costs
You've procrasinated long enough. Now is the time to improve the energy efficiency of your home. The following 2009 tax credits are pretty valuable. If you're going to spend the money, make it an investment in your home. The tax credits help offset the cost of the initial installation. Plus you reap the benefit of lower energy costs. Before you buy, review these links to make sure you are purchasing qualified products.
Non-business Energy Property Credit--30% of the cost for qualified improvements--insulation, windows, doors, non-solar water heater, biomass stoves, central a/c, air source heat pumps, natural gas or propane furnace, oil furnace, gas/propane/oil water heaters, advanced main air circulating fan, roofs (metal or reflective asphalt shingles) for a maximum credit of $1,500 for 2009 and 2010 combined. For additional information go to http://www.irs.gov/pub/irs-pdf/f5695.pdf.
Residential Energy Efficient Property Credit--30% of the cost with no upper limit for solar panels, fuel cell property, solar electric property, solar water heater, small wind energy systems, and geothermal heat pump. This credit will be available for qualified property acquired in 2009 through 2016.
Check www.energystar.gov/taxcredits to see a list of qualified energy property.
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NOTE: Denver Public Library has a program which allows you to borrow a device that will allow you to check your energy use. Its free. http://www.denverlibrary.org/news/dplnews/powercheck.html
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