You may qualify for income-tax credits up to $500 for installing certain energy-efficient home improvements. You can claim these credits on your 2006 or 2007 income tax return for installing eligible insulation, exterior windows and doors, metal roofs, water heaters, and heating and cooling equipment. Products or materials must be installed between Jan. 1, 2006 and Dec. 31, 2007. To receive the income-tax credits, you should: - save receipts and a copy of the manufacturer’s certification – or ENERGY STAR® label for windows;
- file the appropriate Internal Revenue Service form with your income taxes; and
- consult with your tax advisor or the IRS for additional guidance and specifications.
More information is available at www.energytaxincentives.org. |