Energy Tax Credit Facts

1454 Views 5 Replies 5 Participants Last post by oldfrt, Sep 23, 2009

oldfrt

Discussion Starter · Sep 23, 2009

Sitting home today doing some research cause HO pulled the plug on part of the job I was going to start.

He wants to forgo part of the remodel because he figured he could get a tax credit for two separate years if we did did the other half next year.:no:
After extensive surfing I found some facts that may help others that may be faced with the same situation.:thumbup:

First;
You are limited to the $1500 tax credit for 2009 and 2010 filing years.
(I hope this convinces him to go forward:whistling)

Here's the link:
http://energystar.custhelp.com/cgi-...nBfY3Y9JnBfcGFnZT0xJnBfc2VhcmNoX3RleHQ9MjkyOA**

Second;
And maybe an added selling point,if filing separately, and claiming separate expenses,a$1500 tax credit can turn into a $3000 credit.:thumbup:
That Link;
http://energystar.custhelp.com/cgi-...fY3Y9JnBfcGFnZT0xJnBfc2VhcmNoX3RleHQ9MjkyOA**

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WarnerConstInc.

· #2 · Sep 23, 2009

Thanks for that second link.

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jtpro

· #3 · Sep 23, 2009

Good info:thumbsup: Thanks for the share!:thumbup:

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CookeCarpentry

· #4 · Sep 23, 2009

oldfrt said:
He wants to forgo part of the remodel because he figured he could get a tax credit for two separate years if we did did the other half next year.:no:

Maybe you can convince him to do the whole project now (taking advantage of $1,500 tax credit for 2009) and hope it reflects in his tax return...

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Pearce Services

· #5 · Sep 23, 2009

FYI....ABC supply is hosting a tax credit seminar next week in Avon MA, I would suspect that most branches are offering this seminar. It is more a of a sales seminar, on how it works, so you do not oversell the program, and get burnt later.

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oldfrt

Discussion Starter · #6 · Sep 23, 2009

CookeCarpentry said:
Maybe you can convince him to do the whole project now (taking advantage of $1,500 tax credit for 2009) and hope it reflects in his tax return...

I'm still hoping,but ran into another snafu,when I went to verify window measurements today.:furious:

Part of his block foundation has settled,and needs to be addressed before I can do some of the work.
Now,to keep going, I have to convince him to let me secure the wall above it against settling by doing a little jacking, and putting in some supports on top of a steel girder across the basement floor until a mason can get in there. :sad:

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