According to guidelines published jointly by the U.S. Department of Energy and the Environmental Protection Agency, the new tax credit program applies to a range of energy saving products and, in some cases, to installation costs of those products. Credits of 30% (up to $1,500 maximum) are available not only for new windows in existing homes, but also for doors, insulation, metal and asphalt roofs, as well as certain types of space heating and water heating systems. Purchases made before the end of 2010 qualify.
In addition, a 30% credit with no maximum is available through 2016 for geothermal heat pumps, solar panels, solar water heaters, small wind energy systems and fuel cells. These credits apply to new as well as existing homes. Complete information is available at www.energystar.gov
Stu McConnell, the millwork manager at Hammond Lumber Company cautions that not all Energy Star products qualify for these credits. He advises that anyone who wants to take advantage of the new program seek additional information from an informed sales person prior to making a purchase.
Stop by a local Hammond Lumber company to find out which products qualify for the credit! www.Hammondlumber.com
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