Time Running Out for Home Energy Efficiency Tax Credit

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We’ve provided the details on the federal home energy-efficiency tax credit a few times this year—for efficient furnaces, air-conditioners, windows, insulation, and the like. You’ve have access to the federal tax credit for existing homes for almost six years, in some form or another, including a bump up in the credit amount for two years as part of ARRA and then ratcheting back down this year.

But the time is running out. These federal credits disappear at the end of the year. To be eligible, qualified products must be “placed in service” (installed) by December 31, 2011. If you know you’re going to be doing something that qualifies, now is the time. I’m not betting that Congress will pull together and agree on much of anything, let alone pass something like an extension of this tax credit. So right now, it looks like before the end of the year, or kiss it goodbye.

Of course, if the time isn’t right for you, we always help our customers find any other incentives out there. Call us when you’re ready.

Thanks, Mike

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