In February of 2009, President Obama signed the American Recovery and Reinvestment Act, which expands tax credits for homeowners who purchase certain energy-efficient heating and cooling equipment. These tax credits, totaling up to $1,500, are available on qualifying equipment purchased and installed between January 1, 2009 and December 31, 2010.
Top Ten Questions Regarding the Energy Tax Credit:
How do I apply for the tax credit? What tax form do I need?
Which products are eligible for a tax credits?
Is the $1,500 tax credit for each product? Each year? Each person?
What is a Manufacturer’s Certification Statement?
Is there an income limit on the tax credit?
Is there a tax credit for windows, doors, and skylights?
Is there a tax credit for furnaces and boilers?
Is there a tax credit for roofs?
Is there a tax credit for central air conditioners?
What is a “principal residence?”