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How do I know which products are eligible? This credit applies to certain products, including doors, windows, skylights, insulation and water heaters. To figure out if your purchases apply, simply enter the SKU of the item, found on your receipt, or visit http://www.energystar.gov/index.cfm?c=products.pr_tax_credits
What is the 30% energy tax Credit? The federal government has created the Energy Tax Credit in order to benefit those who purchase and install specific types of energy efficient product in their homes. The credit applies to purchases and improvements made between January 1, 2009 and December 31, 2010 and may be as high as $1500.
What is a tax credit? Unlike a deduction, which reduces that amount of taxable income, a tax credit directly reduces the tax itself. A tax credit can amount to considerable savings on your tax return.
Where can I purchase qualifying products?
has a large selection of high efficiency products for your home. The purchase of these products can mean huge savings in your energy bills, even without the tax credit. They also conserve our natural resources.
What do I do to qualify for the Tax Credit? For tax filing purposes, simply save your receipts when you purchase a qualifying item.
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