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The Energy Policy Act of 2005 offers generous energy tax credits to consumers and businesses that purchase fuel efficient cars and/or energy efficient items for their home.  Small spread out moneyHomeowners can receive a tax credit up to $500.  Homeowners that purchase and install certain energy efficient products for their home such as; windows, exterior doors, heating and cooling systems,  water heaters, storm doors, insulation, etc. (see chart for more information) prior to the end of the year will be eligible for the tax credits.   The energy tax credit program is scheduled to end December 31, 2007.  So HURRY up and ACT now!  A tax credit is more beneficial than a tax deduction.   A tax credit reduces your actual tax amount due “dollar for dollar”.   A tax credit can provide substantial savings to the homeowner.  Click here for more information about tax credits from the Internal Revenue Service (IRS).  Good luck and stop procrastinating.  Uncle Sam wants to give you money for going GREEN! 

Another great, informative web site to check out is the Energy Star Program.

HomeBuyer Advocate Mike

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