Some simple steps to make your home more energy efficient could mean extra money come tax-time.
According to the Internal Revenue Service, homeowners who make energy-saving improvements this fall can cut their winter heating bills and lower their 2009 tax bill as well.
The American Recovery and Reinvestment Act which was enacted earlier this year expanded two home energy tax credits: The Non-Business Energy Property Credit and the Residential Energy Efficient Property Credit.
Information from IRS:
Non-Business Energy Property Credit
This credit equals 30 percent of what a homeowner spends on eligible energy-saving improvements, up to a maximum tax credit of $1,500 for the combined 2009 and 2010 tax years. The cost of certain high-efficiency heating and air conditioning systems, water heaters and stoves that burn biomass all qualify, along with labor costs for installing these items. In addition, the cost of energy-efficient windows and skylights, energy-efficient doors, qualifying insulation and certain roofs also qualify for the credit, though the cost of installing these items does not count.