 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Mountain Parks Electric offer rebates on electric water heaters, electric motors, ground source heat pumps, and controlled electric thermal storage heating systems. However, there are federal income tax credits available for specific energy-efficiency upgrade to your home through federal programs. Effective December 20, 2006, President Bush signed a bill that extends federal tax credits for certain renewable energy and energy efficiency projects. The consumer energy-efficiency credits for tax years 2006 and 2007, however, were not extended in the recent law. Therefore, you have only one year of eligibility left to get federal income tax credits for specific energy-efficiency upgrades to your home. There is up to $500 available per household for upgrading doors, windows, roofing, insulation, and heating/cooling equipment. Ronnie Kweller, a spokeswoman for the Alliance to Save Energy, urges taking advantage of the credits while they are still available. When it comes to home improvements, it is wise to schedule your work as early as possible, to help avoid delays. The 2006 legislation did extend the production tax credit through 2008 for electricity produced from wind power, geothermal power, biomass, landfill gas, small irrigation power, and trash combustion facilities. It provides a similar one-year tax credit extension for new properties that produce geothermal power or make use of solar energy:
For more information on energy tax credits, or to see if a recent home improvement or new construction is eligible, visit the following Web sites: Alliance to Save Energy: http://www.ase.org/content/article/detail/2654 IRS for homeowners: http://www.irs.gov/newsroom/article/0,,id=154657,00.html IRS for home builders: http://www.irs.gov/newsroom/article/0,,id=154658,00.html Tax Incentives Assistance: http://www.energytaxincentives.org Source: NRECA, U.S. Department of Energy, Alliance to Save Energy
|
