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414 Rehoboth Ave Rehoboth Beach, DE, 19971
Office: 302-227-9477


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Home Energy Tax Credits Still Available for 2011

Posted by Susan Giove on Thursday, December 1st, 2011 at 3:17pm.

Homeowners still have time to make energy-saving and green-energy home improvements this year and qualify for one of two home energy tax credits:

1) The Nonbusiness Energy Property Credit is aimed at homeowners installing energy efficient improvements such as insulation, new windows and furnaces.
   • The 2011 credit rate is 10% of the cost of qualified
     energy efficiency improvements.
   • The credit has a lifetime limit of $500, of which only
     $200 may be used for windows.
   • Qualifying improvements must be placed into
     service before January 1, 2012.

2) Homeowners going green should also check out the Residential Energy Efficient Property Credit, designed to spur investment in alternative energy equipment.
   • The credit equals 30% of what a homeowner spends
     on qualifying property such as solar electric systems,
     solar hot water heaters, geothermal heat pumps,
     wind turbines, and fuel cell property. Generally, labor
     costs are included in this credit.

NOTE: Consult your tax advisor for complete details and information regarding these tax credits.

Susan N. Giove, Ed.D


Mann and Sons, Inc.

1 Response to "Home Energy Tax Credits Still Available for 2011"

Jacie wrote: You've hit the ball out the park! Incredible!

Posted on Sunday, December 25th, 2011 at 3:21am.

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