GREEN TAX CREDITS

ENERGY EFFICIENT TAX CREDITS
2010 is the last year that the federal tax credits for energy efficient improvements to your house will definitely be in effect. They might get extended, but at this point we don't know. The credits get you 30% or up to $1,500 (whichever is less) back on an energy efficient home project. You can only get the credit once (so if you do new windows vs. new windows AND insulate your house, your maximum credit is still only $1,500 no matter how many improvements you make.) This tax credit really makes doing things like insulating your house a NO BRAINER. And FYI, you can insulate an already existing house with the blown-in cellulose and foam technologies (they make holes in your wall and simply blow it in) so there's no reason why your house can't be LOTS more efficient. Also, in early December 2009 President Obama suggested a "cash for caulkers" program that could put $12K per home into taxpayers pockets for making our homes more energy efficient. Signs are good that this might move forward in the next couple of months, so stay tuned for that! For more details on the tax credits, visit our blog.