Mark Johnson Custom Homes Blog

New Hanover County, NC custom home builder Mark Johnson Custom Homes understands the intricacies of filing for Federal Tax Credits when you opt for updating your home with energy-efficient options. But just in case there is any confusion, USAToday.com posted an article today detailing the information. Below is an excerpt and to read the complete article, click here!  

“Many of the federal tax credits apply only to your primary residence and to existing homes. Not all Energy Star appliances qualify, so you have to do some of your own research. All products have to meet specific criteria. The Environmental Protection Agency’s Energy Star website offers partial lists and answers commonly asked questions.

You can claim 30%, or up to $1,500, for qualified improvements this year and next year in these areas: biomass stoves, windows, doors, HVAC (heating, ventilation, air conditioning) insulation, metal or asphalt roofs and non-solar water heaters. Note: You can only include the installation costs for biomass stoves, HVAC and water heaters.

The biggest tax breaks come if you install geothermal heat pumps, small wind turbines or solar energy systems. You can claim 30% of the costs (including installation), without any cap, through 2016. This credit applies to existing homes, second homes and new construction.”