When you thought it couldn’t get better…
We knew that the Energy Tax Credit was brought back for 2009, but we didn’t expect it to be revised and extended through 2010.
Mid-February the United States Legislature made extensive revision to the current Energy Tax Credit Program. These changes were passed within the context of the Economic Stabilization and Revitalization Bill (HB.1).
Exciting new things in the newly revised program:
- Clean Slate: If you used the previous benefit $500 maximum it will not count against you. All new benefits are cumulative over the 2009 and 2010 years only.
- More Money: Instead of the previous $500 maximum, you can claim up to $1,500.
- Easier to Claim Full Benefit: Calculations have changed on how you figure out how much benefit you receive out of each qualifying purchase. New calculations are based off of installed price not a set category amount.
- No More Category Limits: Lets you use all $1,500 in upgrading your insulation or spreading it out among many qualifying purchases.
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Posted: March 11th, 2009 under Uncategorized.
