http://online.wsj.com/article/SB123732757823462281.html?mod=article-outset-box- up $500 this year to $8000
- max out at $70k purch price
- need not be "house"
- need not be "your first home"
- need not be paid back like last years credit
- limited window for purchases
- CALL US TO HELP YOU SORT IT OUT www.RealtyNetWorth.com
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- The credits fall into two primary camps. One is energy efficiency, which covers certain improvements to an existing home's structural elements, such as windows and insulation, as well as for the purchase of qualifying high-efficiency heating, cooling and water-heating equipment.
- The second is for renewable energy, which includes solar, wind, geothermal (heat generated from the earth) and fuel-cell technologies (which convert the chemical energy of a fuel, such as hydrogen, into electricity). In a nutshell, the energy-efficiency tax credit increases to 30% of qualifying costs from 10%, and the cap also rises to $1,500 from $500.
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