Thinking of making some improvements to your home? If they help improve the energy efficiency of your home you might qualify for an energy tax credit (read more by clicking here). Examples of projects covered under this credit include:
- Insulation that reduces heat loss or gain.
- Exterior windows, skylights, or doors.
- Storm windows and storm doors installed over certain types of windows and doors.
- Metal and certain asphalt roofs designed to reduce heat loss or gain
- Putting in Central AC
Be sure to talk to your accountant to find out if you qualify for one of the above tax credits. Form 5695, Residential Energy Credits Part II, with your tax return to claim the credit. You must claim the credit for the tax year when the property is installed, not merely purchased. (info from IRS.GOV)
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