31 Dec '14, 11am

Green News: Energy-Efficiency Tax Credits for 2014

Green News: Energy-Efficiency Tax Credits for 2014

The U.S. Congress has voted to extend a variety of tax credits for energy upgrades, giving homeowners a bit of good news as tax time approaches. Credits apply to improvements such as new windows and insulation, water heaters, heat pumps, furnaces, and air-sealing materials, according to The Tax Incentives Assistance Project , or TIAP. The American Council for an Energy-Efficient Economy reported that the incentives actually expired at the end of 2013 . The last-minute move in Congress keeps them on the books until the end of this year, but it will be up to the next Congress to decide whether they will be extended to cover improvements made in 2015. Each product category or type of improvement has its own rules and credit caps. For example, furnaces and boilers with an Annual Fuel Use Efficiency of 95 or more are eligible for credits of up to $150, while air conditioners, w...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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