I was excited to read this in USAA's Winter 2009 magazine.
"Want to potentially reduce taxes and energy bills at the same time? Install Energy Star-qualified insulation, windows, doors, roofing, heating and colling systems, water heaters or fuel-efficient stoves in your primary residence. You may be able to receive a federal tax credit for 30 percent of the cost, up to $1,500 for products put in service in 2009 and 2010. Consult with a tax advisor before making any large purchases.
Additional tax credits are available through 2016 for 30 percent of the cost of qualified geothermal heat pumps, solar panels, solar water heaters,small wind energy systems and fuel cells installed on existing homes or new construction. and there's no cap-an important perk given the high cost of some of them items."
**Note that not all Energy Star products qualify for tax credits. Read rules at energystar.gov/taxcredits
February 3, 2010
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