Use it before it is gone: A 30 percent credit of what a homeowner spends on eligible energy-saving improvements, up to a maximum tax credit of $1,500 for the combined 2009 and 2010 tax years. The cost of certain high-efficiency heating and air conditioning systems, water heaters and stoves that burn biomass all qualify, along with labor costs for installing these items. Installing these items into your house can be expensive, but if you contact this ac installation services in cincinnati oh you will get great service and price. In addition, the cost of energy-efficient windows and skylights, energy-efficient doors, qualifying insulation and certain roofs also qualify for the credit, though the cost of installing these items does not count.
By spending as little as $5,000 before the end of the year, on eligible energy-saving improvements, you can save as much as $1,500 on their 2010 federal income tax return, if you did not use the credit in 2009.
Written by Joan Campbell, CPA