CHICOPEE, Mass. (WWLP) - Tax credits are available for certain energy efficient homeimprovements.
Homeowners can receive a tax credit for 30% of the cost of newwindows, doors, insulation, and roofing. The items must beconsidered energy efficient and meet criteria set forth by thefederal government.
Credits on these items cannot exceed $1,500. So, for a homeownerto receive the full credit, they must invest $5,000 in acceptableimprovements.
Windows must have a U-Factor of 0.3 or lower to qualify for atax credit. Windows that meet such criteria can be identified bytheir stickers. In fact, homeowners must retain stickers from eachwindow. Although stickers do not need to be submitted with their2009 taxes, they are necessary in the case of an audit.
Insulation must be energy star rated. Homeowners can receive acredit of 30% of the material’s cost, to $1,500 dollars. Thecost of installation can not be claimed.
Typical roofing does not quality for a tax credit. One mustselect “cool roofing,” or reflective shingles. Certainenergy star rated metal roofs are also acceptable.
The cost of installation can be included in the claim for thefollowing items according to the EnergyStar website: HVAC systems, biomass stoves, water heaters,solar panels, and geothermal heat pumps, wind energy stems, andfuel cells.
Thirty percent of the cost of these products, with the exceptionof the HVAC system and stove, can be claimed with no cap.
For more information about tax credits related to energyefficient upgrades, visit energystar.gov.