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 Making energy-saving home improvements could cut your taxes! Make energy efficiency changes and you might be able to cut your 2009 tax bill at the same time. The 2009 tax law signed in February expanded energy tax credits in order to encourage homeowners to make improvements that will make their homes more energy-efficient and save money over the long run. Qualifying improvements, such as adding insulation, energy-efficient exterior windows, and energy-efficient heating and air conditioning systems, could cut your taxes. Previously the credit for energy improvements was 10% of the cost, with a $500 lifetime limit. The new law increases the credit to 30% of cost, with a $1,500 limit. The new law also eliminates the cap on the 30% tax credit for alternative energy equipment, such as solar water heaters and geothermal heat pumps installed in homes. Some of these improvements, such as adding insulation, sealing air leaks, and installing an energy efficient furnace or water heater, qualify for Cash-Back Rewards from Focus on Energy. We can tell you about the Cash-Back Rewards you may be eligible to receive for completing each measure, or you can access the information directly by visiting Focus on Energy at www.focusonenergy.com.
Wisconsin ENERGY STAR® – Financial
Incentives and Cash-Back Awards |
