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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  December 6, 2007  |   Last Chance to Save on Home Energy Improvements
Time has almost run out for home owners to take advantage of valuable tax credits for energy-efficient home improvements that expire at the end of 2007.

All the details on the tax credits can be found on the U.S. Department of Energy Web site.
  • Insulation and exterior doors, including storm doors: 10 percent of the cost of the product (but not the installation), up to $500. Includes materials to seal air leaks such as caulk, weather stripping, and foam sealants.
  • Central air conditioner, heat pump, or water heater: Up to $300 towards the full purchase price, including installation costs.
  • Exterior windows, skylights, and storm windows: 10 percent of the total cost, up to $200. All windows with the ENERGY STAR label, the government's symbol for energy efficiency, qualify.
  • Pigmented metal roofs: 10 percent of the cost of the product (but not the installation), up to $500 for metal roofs with pigmented coatings that meet ENERGY STAR requirements.
  • Furnace or boiler: Up to $150 towards the full purchase price, and/or $50 for an efficient air-circulating fan in a furnace, including installation cost.

Source: Alliance to Save Energy, Ronnie Kweller (12/04/2007)


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