Tax Credit For House Repairs
In the advertising blitz about the $8000 tax credit for first-time home buyers don’t overlook the tax savings available if you remodel your current home. There is a national tax credit of 30% of the cost, up to $1500 if you install a variety of energy-saving products. Those products include insulation, windows and doors, roofing, heating, ventilating and air conditioning systems, tankless water heaters, and alternative-energy generators such as solar panels and wind turbines. It would be a great idea to consult your tax advisor before starting work to make sure that you understand the full scope of the tax credit.