Are there any tax incentives for making energy-efficient upgrades to a home?
Curious about Property Taxes
Yes, there are tax incentives available for making energyefficient upgrades to a home. The federal government offers a tax credit for certain home improvements that meet energy efficiency criteria. The credit is equal to 10% of the cost of the qualified energyefficient improvements, up to a maximum of $500. Some examples of eligible improvements include insulation, windows, doors, roofs, HVAC systems, and water heaters. To qualify for the credit, the upgrades must meet specific energy efficiency requirements, and the home must be the taxpayer's principal residence. Additionally, some states and municipalities offer their own tax incentives for energyefficient upgrades. Homeowners should consult with a tax professional to determine their eligibility for these credits and incentives.