Understanding Tax Credits for Energy Efficient Home Improvements from Fidelity National Home Warranty

Part of my job and due diligence as Assistant Vice President and Senior Account Manager for 10 years with Fidelity National Home Warranty and Disclosure Source NHD Reports is to bring my clients and real estate professionals newsworthy industry related facts, news, information, market trends and value.

Sharing of information gives us all the ability to help our past, present and future clients make intelligent and knowledgable real estate decisions.

Check my post often. As I get "Hot off the Press" news of value I will pass it along to my fellow real estate professionals.  Lets all stay on top of our game and well informed.  I would love to read your information also.

Yvonne Nelson

Assistant Vice President

Fidelity National Home Warranty and Disclosure Source

800-308-1424 ext 3518

www.homewarranty.com

www.disclosuresource.com

*************************************************************************

 

On October 3, 2008, President Bush signed into law the "Emergency Economic Stabilization Act of 2008." This bill extended tax credits for energy efficient home improvements (windows, doors, roofs, insulation, HVAC, and water heaters). Tax credits for these residential products, which had expired at the end of 2007, will now be available for improvements made during 2009. However, improvements made during 2008 are not eligible for a tax credit.

The products that are covered by the tax credit in 2009 include:

• insulation
• windows (including storm windows)
• skylights
• doors (including patio & sliding glass)
• metal roofs
• asphalt roofs
• Central air conditioners
• Air source heat pumps
• Geo-thermal heat pumps
• Gas, Oil, or Propane Furnace or Hot Water Boiler
• Advanced Main Air Circulating Fans
• Gas, Oil or Propane Water Heaters
• Electric Heat Pump Water Heaters
• Solar Water Heaters
• Photovoltaic Systems (solar panels)
• Fuel Cells

Products not covered by the tax credit included:

• refrigerators
• dishwashers
• clothes washers
• Room air conditioners
• Ceiling fans
• Programmable thermostats

For more information on products covered by the tax credit, visit www.energystar.gov/taxcredits

Yvonne Nelson                                                                                    

Assistant Vice President

Fidelity National Home Warranty and Disclosure Source

800-308-1424 ext 3518

www.homewarranty.com

www.disclosuresource.com