Good news, homeowners! In the course of all the “fiscal cliff” debates, Congress did manage to reinstate homeowner energy efficiency credits for 2012 and 2013. In fact, they made the credits retroactive for work completed in 2012, after allowing them to lapse at the end of 2011.
There are a few catches in these credits. First, if you have already applied for a credit in the past, you are not eligible for additional credits, even if you had additional work completed in 2012. Additionally, there is a limit of $500 in total credits (the cap used to be $1,500). For further information, check out the following links, and don’t forget to talk to your tax professional to see if you qualify for the 2012 credit. In this economy, every dollar helps, so don’t miss out!
From Window and Door magazine, one of our favorite industry resources: http://windowanddoor.com/news-item/government/fiscal-cliff-bill-extends-energy-efficiency-tax-credits
From US Department of Energy’s Database of State Incentives for Renewables and Efficiency (Dsire): http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=US43F
Rae the Renovator
