- If you already claimed the $1,500 maximum credit on your 2009 taxes, you cannot receive the credit again in 2010--no matter how energy efficient you’ve been in 2010.
- All upgrades need to be purchased and installed by December 31, 2010.
- Energy efficient upgrades such as windows, doors, water heaters, heating systems, insulation, air sealing materials, air conditioners and biomass stoves are included.
- Not all Energy Star products are eligible.
- Rental units and new homes do not qualify for this credit; it just pertains to an existing home that is considered your primary residence.
- You can claim installation costs on certain upgrades, such as furnace installation, but you will need to check the Energy Star website to see which ones they are. From memory, I can tell you that installation costs are not covered for insulation, air sealing, windows and doors.
- You can do the work yourself and still get the tax credit; however, you can’t factor your installation costs into the credit.
- Last but not least, if you don’t pay Federal taxes, you cannot take advantage of the tax credit.
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