Energy Tax Credits - Benefits to All

The American Recovery and Reinvestment Act has provided a significant tax credit through the "Federal Tax Credit for Energy Efficiency" program. The credits are on the purchase of a number of items for home renovation or for new construction. Qualifying windows, doors, insulation, etc. can get the consumer a 30% tax credit - up to $1,500. This credit allows the customer to take the total amount of the credit directly off the bottom line of the taxes they owe. If they owe $5,000 in taxes and they qualify for the $1,500 credit then their tax liability is reduced to $3,500. This is a great deal for the customer, saves on their energy costs, helps contractors make sales and ultimately boosts the overall economy.