Tucked away in the bailout package were energy tax cuts for Americans (Source: Man-ucommons at Wikimedia Commons)
We’ve all heard about the 700-
billion dollar bail-out for Wall Street.
Getting a lot less attention was another
17-billion dollars for energy tax credits.
Lester Graham reports you can take advantage
of some of that money for your house:
Transcript
We’ve all heard about the 700-
billion dollar bail-out for Wall Street.
Getting a lot less attention was another
17-billion dollars for energy tax credits.
Lester Graham reports you can take advantage
of some of that money for your house:
Starting in January you can earn as much as $500 in tax credits for home
improvements that save energy. The credit will be taken right off the top of taxes you’ll
owe for 2009.
Ronnie Kweller is with the group Alliance to Save Energy. She says the credits can
cover a lot.
“Energy Star windows. It also includes lower-cost products like additional insulation,
sealing and caulking and weather-stripping – all those kind of things to tighten up your
home and make it energy efficient. As well as highly-efficient heating and cooling
equipment.”
Kweller says her group has details on the new consumer tax credits on its website:
ase.org.
Keep your receipts, and you’ll have to remember to file the right IRS form to take
advantage of the tax credits.
For The Environment Report, I’m Lester Graham.