How to use federal tax credits for home improvement projects

December 31st is the deadline for taking advantage of the federal tax credits for qualifying home improvements, and there’s more than just windows and doors on the list of money-saving projects for homeowners.

 

Information Text:

Angie Hicks, Angie’s List founder:  “Time is running out to take advantage of federal tax credits. A lot of credits expire at the end of this year. The credits relate to home efficiency opportunities, so making those improvements now before the end of the year is going to be important.  We’re hearing consumers are taking advantage of the tax credits by installing new windows and installing new doors, insulation, even heating and cooling. In a recent Angie’s List poll 40 percent of the respondents had taken advantage of these credits.  Consumers need to be in the driver’s seat when they are shopping because not every product is going to qualify for the tax credit. Don’t rely solely on the company doing the installation – also check with your tax consultant.

Angie’s List Tips:

Check that the product qualifies 

2011 Eligible categories:

  • Heating, Ventilating, and Air Conditioning
  • Insulation
  • Roofing (asphalt & metal)
  • Water heater (non-solar)
  • Biomass stove
  • Windows & Doors

For more information on 2011 Tax Credits, visit  http://www.energystar.gov/

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Jennifer Wiley

Jennifer Wiley is a videographer at Angie's List, where she shoots and edits videos for Angie's List TV partners across the United States. She enjoys getting out in the field and interacting with members and service providers.

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Time's running out to earn energy-efficiency tax credits

furnace.jpg

If you installed a new high-efficiency furnace or other energy-efficiency equipment in 2012-2013, you may qualify for a tax credit. (Photo courtesy of Angie's List member Holly D. of Memphis, Tenn.)
If you installed a new high-efficiency furnace or other energy-efficiency equipment in 2012-2013, you may qualify for a tax credit. (Photo courtesy of Angie's List member Holly D. of Memphis, Tenn.)

If you're considering a home-improvement project that will cut energy costs, it's not too late to take advantage of special federal tax credits. But be aware that time is running out.

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