Sure, a new roof is an expensive home fixture, however if you get a new roof, you will fix any unwanted problems that could occur. Bedrooms could cave in due to a bad roof. It could costs $4,000 to get the problem fixed. And how often would a homeowner have to get a new roof? This year, the Energy Tax Credit bill is awarding up to $1500 tax credit if you purchase energy-efficient products or renewable energy system for your home. You can get the Federal Tax credit by filling out and submitting the 5695 Form with you taxes. You can save the receipts and the Manufacturers Certificate Statement for your records according to the energystar.gov website. One thing to know about the tax credit is that you can only get up to $1500 total on your home, whether you buy multiple products or one expensive product over the two years, or if two people buy energy-efficient products living in the same home. It is up to $1500 per household. Another reason to choose energy efficient star products is because you’ll be saving money on your energy bill. Some of the things that qualify are windows and doors, home insulation and roofing. You can get an energy audit to find other money saving tips that could help you live more energy efficient and cut costs on utility bills. The Energy Tax credit is only available until December 31, 2010. It is not too late to get the Energy Tax Credit, as long as you do it before the deadline.
You can save 20% or more on utility costs by visiting a Home Depot store. The associates are well aware of the qualifying products that are sold in the stores. With winter near and the costs of utility bills rising, there’s no reason not to participate in the 2010 tax credit bill. Purchasing an energy efficient washer and dryer is great for first time home buyers, or those needing new appliances. I would look at it as an investment because these products will last for years and save money on monthly utility costs. You can get a tax credit, and you can feel great about having the latest products. Not only will you benefit from energy-efficient products, but the economy will benefit because more money is going into the economy. General Electric sell energy efficient appliances and they’ve already hired 400 employees in Louisville, KY this past summer. And that’s something to feel good about. In some cases there are additional rebates for buying energy-efficient products from the manufacturer.
Here are just a few Energy Star Products that you can purchase to qualify for: air conditioners, battery chargers, dehumidifiers, fans, heat pumps, light bulbs, water heater, windows and doors.