Home Owners Green Tax Incentives
August 27th, 2009 Categories: Chester County, Delaware County, Financial, Home Sellers, Montgomery County
Home Owners “Green” Tax Benefits Offer Savings Ideas Tucked Away in The First Time Home Buyers American Recovery and Reinvestment Act of 2009
You all know about the $8,000 First Time Home Buyer tax credit
that’s chasing down the November 30th 2009 deadline, right?
But did you know that the American Recovery and Reinvestment Act of 2009 has a nice little tax benefit and some bright ideas for current home owners if you improve your home’s energy efficiency on items like skylights (who has a skylight that doesn’t need improving?) doors, windows, and some metal and asphalt roofs. Could be as much as 30% of the cost of the project up to $1,500.
And the “green” tax credit also covers installation costs for HVAC and gas, oil and propane water heaters through December 31, 2010.
Now I grant you it’s not 16 Billion Dollars, which is the Recovery Amount the State of Pennsylvania has to play with, but every little bit counts to most home owners in Chester County Main Line Pa, Delaware County and Montgomery County. Especially if you had some home improvements on your “to do” list anyway!
Add some geothermal goodies (heat pumps, solar energy and wind energy systems) and you have some more bright ideas that could get a tax credit of 30% of the entire cost through December 31st 2016.
Sweet! Rewards for doing good. I like that.
Contact or call Judy Peterson, Realtor, 610-889-5509 Prudential Fox and Roach Devon Home Marketing Center for lots more Chester County Main Line Pa home buying, home improvement, homes for sale and getting your home sold home ideas.
