Investing in an efficient home has become more affordable! The new governmental economic stimulus plan offers $1,500 in tax credits toward home efficiency improvements.
Sears Blue Climate Crew provides you with a comprehensive home efficiency improvement solution that can include insulation, air sealing, heating and cooling (HVAC) systems, windows and more. Homeowners who complete the recommended improvements can save up to 40% on their utility bills.
Through the American Recovery and Reinvestment Act, the government now offers energy conscience homeowners up to $1,500 in tax credit incentives toward these improvements. This means you can use this credit to help cover the cost of Sears home energy efficiency improvements!
Have questions about how you can use these tax credits to make your home more efficient with Sears? Give Sears a call for a FREE phone consultation.
877.587.1622
Here are some frequently asked questions about the efficiency tax credits:
The tax credit covers 30% of home efficiency improvement costs. The total tax credit amount is capped at $1,500. This means homeowners are automatically eligible for the full $1,500 once they spend $5,000 or more on energy efficient improvements.
The credit covers energy efficient insulation, heat pumps, central air conditioners, water heaters, furnaces, windows, doors, skylights.
Energy Star provides a full description of the improvement efficiency guidelines on their website. Click here to see the specifications.
Complete the Tax Form 5695 (2009 version). It should be available late 2009 or early 2010.
No. Homeowners who purchase any of the qualifying improvements will be eligible for the $1500 tax credit.
Labor costs are covered for some products. Both the product and installation cost are covered in the tax credit for heating, ventilation and air conditioning (HVAC) systems and water heaters. This means you receive the 30% credit toward the total cost of these improvements (installation and product cost). The tax credit covers only the product cost for windows, doors and insulation.
No. The tax credit can only apply toward homeowners' primary residence.
The $1500 tax credit is the maximum incentive amount during the 2009 and 2010 period. This means you can claim a maximum of $1500 in tax credits toward the above-mentioned energy efficient improvements between January 1, 2009 and December 31, 2010.
No, the new governmental economic stimulus plan does not include tax credits for most common appliances such as refrigerators, clothes washers and dishwashers. However, as part of the Sears Home Energy Audit, homeowners receive a FREE coupon book toward energy efficient appliances.
Click here to review the Energy Star FAQ page. It provides answers to other common tax credit questions.