Energize Your Tax Return

Brought to you by ENERGIZE YOUR TAX RETURN A#10 AIR Homeowners may qualify for a federal tax credit for installing energy-effi- cient home improvements. These improvements may cost more up front, but they will pay you back in lower energy bills over time in addition to qualifying you for an energy-efficient tax credit. You can receive up to $500 in total tax credits for qualified home improvements since 2006. Plus, certain alternative energy improvements qualify for larger tax credits - up to 30% of the cost of buying and installing the equipment. These savings may be right under your nose. LEGEND Your tax break applies to: 10% of cost, up to $500 30% of cost, with no upper limit Think of what you could buy with the money you save. WIND TURBINES COST: $600 to $12,000 EXTRA INSULATION COST: $400 TO $1,800 *You could buy a new Keurig with the savings. METAL/ASPHALT ROOFING COST: extremely variable SOLAR ENERGY SYSTEMS COST: $600 to $5,000 *You could buy a brand new tool set with the savings. GEOTHERMAL HEAT PUMPS COST: $2,000 TO $5,000 *The savings could buy you a 42" TV. VENTILATION COST: $1,000 TO $2,000 ENERGY-SAVING DOORS/WINDOWS COST: $500 TO $600 *You could buy a new set of knives with the savings. EFFICIENT AIR CONDITIONING COST: $300 TO $4.000 new Christmas tree *You could buy a with the savings. BIO MASS STOVES COST: $1,500 TO $4,000 *The savings could buy you a brand new recliner. Tax season is upon us, so don't forget to include your energy- efficient appliances so you can qualify for a tax credit this year. SOURCES: http://www.lowesforpros.com/profit-from-biomass-stoves http://www.homewyse.com/costs/costof_heat_recovery_systems.html http://home.costhelper.com/insulation.html http://greenliving.nationalgeographic.com/replacing-windows-save-energy-costs-2217.html http://www.achrnews.com/articles/fuel-cells-may-reshape-home-hvac http://www.kiplinger.com/article/taxes/TO54-C001-S01-tax-credit-for-energy-efficient-home-improvements.html