Did you know you can get residential energy tax credits come tax time?
There are several energy-saving home improvements you can get a tax break from.
These examples fall under what is referred to as the non business energy property credit, which allows you to claim 10% of the price of your eligible property, not including money spent on labor or installation.
There are other energy-related credits for homeowners, too. These include solar electricity, solar water heating and even small wind energy.
These sorts of credits are useful to keep in mind come tax time. Often homeowners make small incremental improvements to their home each year. If that’s you, be sure to review which improvements could pay you back on your taxes. Otherwise, you could be leaving money on the table unnecessarily.
To learn more about available energy-related tax credits, be sure to read this article.
Posted by: Nick Venturella