Home Improvements Credit Available

If you are looking to make improvements to your princiloe residence that results in energy efficiency improvement, you may be eligible for credit from the government.

This incentive program has already been in place in 2008, however now it has been revamped and raised for 2009 and 2010. The incentive will cover such improvements as windows replacement and other insulation work, as well as certain heating or hot water appliance installations. The cap is currently at 30% and up to $1,500.

In addition a "residential energy efficient property credit" is available for more expensive alternative green technology, such as solra water-heaters, wind turbines, and photo-voltaic elecric generation. That incentive is also caped at 30% but has no maximum Dollar limit. It can also be used to ubgrade a vacation home, while the basic incentive only covers your principle residence.

• For more detail you may want to read this New York Times story from earlier this year.
• You may check if what you are thinking of installing qualifies for a credit and at what level at this site.