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2009 Tax Credit for energy efficient upgrades
January 4th, 2010 5:39 PM

Many homeowners have taken advantage of the 2009 American Recovery and Reinvestment Act and many more will.

What is it? The government will offer up to $1500.00 for energy efficiency measures made to existing homes during 2009 and 2010. Consumers may recover 30% of the cost of adding insulation materials and exterior doors, windows and roofs designed to help reduce a home's heat loss or gain. The credit also covers efficient central air conditioners, air-source heat pumps, hot water heaters and biomass stoves. So for example, if you spent $1000.00 on new insulation, you would get a $300.00 tax credit back!

To qualify for the credit the upgrade has to be more energy efficient than the 2006 and 2007 energy efficient program. It also must take place after February 17, 2009. To see if you qualify, visit www.irs.gov/recovery.  

Be advised...you have until the end of 2010 to make your upgrades.


Posted by Johnny Jacobsen on January 4th, 2010 5:39 PMPost a Comment (0)

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Johnny Jacobsen is a licensed Realtor®  in the State of Colorado.


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