Energy-Efficient Tax Credits Reinstated

Energy-Star-Federal-Tax-Credits

Photo: EnergyStar.gov

As we gather receipts and expenses for our tax returns don’t overlook some of the energy-efficient home improvement tax credits which, originally expired in 2011 and, were reinstated earlier this year.  If you made any EnergyStar home improvements from January 1, 2012 or plan to make any improvements this year tax credits up to $500 per project are available for qualifying products.  Think about replacing those leaky windows with energy-efficient ones if you haven’t already.  This is the year to do it!  For a complete list of EnergyStar improvements that are eligible for tax credits and instructions on claiming your credits click here.

Don’t miss your tax breaks for upgraded appliances!

FL GreenBroker, Jeannette Moore:

More good tax credit ideas from the AZ GreenBroker. GreenFeet to Gail!

Originally posted on Green Arizona Broker:

Manufacturers’ Energy Efficient Appliance Credit

Tax Relief and Job Creation Act of 2010

Act §709 – Modification and Extension of Energy Efficient Appliance Credit for Appliances Produced After 2010

The Tax Relief and Job Creation Act of 2010 modifies and extends the energy efficient appliance credit for certain dishwashers, clothes washers, and refrigerators manufactured after December 31, 2010. Under Code §45M(a)(1), the credit may be claimed as part of the Code §38 general business credit for each type of qualified energy efficient appliance produced by the taxpayer during the 2011 calendar year ending with or within the taxpayer’s taxable year.

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