Tax Credits for Homeowners

Homeselfe, a home energy assessment app and web service for homeowners, recently released a list of several significant tax credits available to those who made energy efficiency upgrades to their homes in the 2015 tax year.

Homeowners can earn up to $500 on their return by taking into account small upgrades made last year, including:

• Biomass stoves
• Heating, ventilation, and air conditioning
• Advanced main air-circulating fans (tax credit amount of $50)
• Insulation (10 percent of the cost, up to $500)
• Roofs (metal and asphalt)
• Water heaters (non-solar earns a tax credit of $300)
• Windows, doors and skylights (tax credit amount is 10 percent of the cost excluding labor)

Homeselfe includes flowcharts and other information to help homeowners determine whether they qualify for energy-related tax credits.

Source: Daily Real Estate News, Homeselfe http://www.homeselfe.com/home-energy-tax-credits/