News

Federal Energy Tax Credits

Learn More About the Energy Star Tax Credit.

Energy Star Tax Credit - http://www.energystar.gov/index.cfm?c=tax_credits.tx_index

Homeowner’s hit a Home Run with reduced energy costs, help with improvement expenses.

Your energy costs are increasing and your income is being stretched- and look who’s trying to steal home- it’s inflation! Say it ain’t so! Pardon the baseball lingo, but as homeowner’s in America we’re facing two outs in the bottom of the ninth. But wait; with the new tax incentive program the bases are loaded! It’s crunch time, and the Ump is yelling “Batter Up”…only this time it’s not a spectator sport. The American homeowner is up to bat (that’s you). It’s time to step up to the plate.

We’ve been hearing about the good, the bad and the ugly in the so-called stimulus package, code named the “American Recovery and Reinvestment Tax Act of 2009” and for most Americans we have a need to understand what, if any, good there is in it.

Geothermal Heat Pumps

Expanded Tax Incentive Encourages Installation Of Geothermal Heating and Cooling Systems

Legislation allows full 30 percent tax incentive

Fort Wayne, IN. – Homeowners who install geothermal heating and cooling systems are now eligible for increased tax incentives under the American Recovery and Reinvestment Act of 2009.

Previous legislation offered a one-time tax credit of 30 percent of the total investment for residential ground loop or ground water geothermal heat pump installations, with a maximum credit of $2,000 for a single residence. The new bill, signed into law on Feb. 17, 2009, removes the $2,000 cap and offers homeowners the entire 30 percent tax credit.