Energy Efficieny for Sugarloaf Properties - Tax Credit Information
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For Existing Homes |
For Existing Homes & New Construction |
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Must be homeowner's primary residence |
Available for vacation & rental property |
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Labor and installation costs are not applicable |
Labor and installation costs can be included |
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Use IRS form 5695 available on the TIAP home page. |
In effect through 2016 |
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Condo costs are approportioned |
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Please note:
Energy efficiency criteria vary dependant for each product category and Manufacturere's Certification Statement required.
Products must be placed in service by Dec. 31, 2010 except for installation of renewable engery generation systems in effect through 2016.
A tax credit is more valuable than an quivalent tax deduction as a credit reduces your tax dollar-for -dollar where as a deduction removes a percentage of the tax that is owed. Thereofore $1,500 can be subratcted directly form the amount of tax that is owed or added to a tax refund.
Mountain Valley Property offers services to help make your Sugarloaf home more energy efficient.
Weatherization Insulation Replacement Windows and Doors Furnaces Roofing Water Heaters
- ENERGY CREDIT HELP -
Taking advantage of the new tax incentives for energy efficiency involves determining what products etc qualitifies.
aceee.org/consumer - Operated by the American council for an Energy-Efficient Economy, this sites has checklists and step-by-step guides for planning upgrades. Links to sites which details the types of purchases that qualify for federal tax credits, state incentives and rebates from utilities are found here.
energystar.gov - Offers information about products and programs that have the government's approval.
ase.org/consumers - Alliance to SAve Energy site has tips along with a tax credit guide.
Mountain Valley Property 207-235-2560 info@mountainvalleyproperty.com