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2009 Federal Tax Credis for Home Improvements for Power Systems and Energy Efficiency

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Posted by drydem on October 25, 2008, 1:18 pm
 
fyi the following website:

http://www.energystar.gov/index.cfm?c=products.pr_tax_credits

has links to details on the new Federal Tax Credits for Energy
Efficiency that were made into law on October 3, 2008, when President
Bush signed into law the Emergency Economic Stabilization Act of
2008.  This bill extended tax credits for energy efficient home
improvements (windows, doors, roofs, insulation, HVAC, and non-solar
water heaters). Tax credits for these residential products, which had
expired at the end of 2007, are now be available for improvements made
during 2009.

However, improvements made during 2008 are not eligible for a tax
credit (so you might want
to wait to make that home improvement  until this January )

The bill also extended tax credits for solar energy systems and fuel
cells to 2016 ( hooray!). New tax credits were established for small
wind energy systems (hooray!) and plug-in hybrid electric vehicles
(yeah!). Tax credits for builders of new energy efficient homes and
tax deductions for owners and designers of energy efficient commercial
buildings were also extended.

Posted by life is great on October 29, 2008, 9:24 pm
 

Thanks for the information.  You may want to consider discussing the
NYS Tax Incentive Program for Solar Panels.  I found great information
at http://AlternativeEnergyfortheHome.BrighterPlanet.org

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