Energy Efficient Tax Credits

The recently signed tax deal between Congressional Republicans and President Obama which extended the Bush-era tax cuts also included a revised extension of the energy efficient improvement credit. Certain energy efficient improvements to windows, insulation, etc. made throughout 2010 are eligible for tax credits of up to 30% of the cost with a lifetime cap of $1,500. Improvements made in 2011 may also be eligible but the cap will be reduced to $500.

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