Posted on January 28,2015 by user-756436 in energy efficiency
The energy-efficiency tax credits and renewable-energy tax credits are better than tax deductions. The allowable credits aren’t just deductible expenses; they represent dollars subtracted directly from your tax bill. While the tax credit program includes illogical rules, the available tax credits can be significant.
If you want to claim a tax credit on your 2009 income tax return for energy-efficiency improvements to your home, you should get the improvements installed before the end of the year. There’s really no need to rush, however, since the tax credits will remain available until the end of 2010 — or, in some cases, 2016.