The federal Energy Tax Credit remains in force through the end of the year and no one is certain whether or not it will be extended. If you have been considering home improvement projects, this summer might be the right time to install those Energy Star products that qualify for the credits. Be sure to check the exact specifications of the products you choose because not all Energy Star-rated products qualify. For some products, the criteria is more stringent.
Here are the most popular home improvement projects that qualify for the federal Energy Tax credit.
Replace Windows or Doors
Choosing windows and doors with higher insulation value is a smart way to get the tax credit as well as lower your energy bills 12 months out of the year. In addition, new windows will add to your homes value if you decide to sell it and they will beautify your home and make it more functional too.
New Heating, Ventilation and Air Conditioning System
These days, more than before, it makes sense to think about a new HVAC system. Central air conditioners and a heat pump can be 30-70 percent more efficient than those that were installed only 10 yrs ago. This will allow you to get tax credits for switching out your old unit, and in addition, you will lower your energy costs quite a bit. This is definitely a great reason for any of us to purchase a new system.
Insulate
Adding insulation isnt as exciting as great-looking new windows or a wonderful new air conditioner that keeps your home cool while reducing humidity. This improvement in your house will pay for itself very quickly. It?s fairly inexpensive and you will begin to see lower energy costs immediately. Adding insulation to your attic is a DIY job for many homeowners, making it an even more affordable choice for home improvement.
An Energy Tax Credit is a great way to cut back on the cost of improvements. They will help make your house more comfortable and add value too. You also have the added bonus of a reduction in your monthly utility costs. It doesn?t get much better than that!. Now that it is summertime, this would be the prime time to plan any home improvement projects so you won?t need to hurry to complete them before the end of this year.
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