New Homeowner Tax Credit Not the Only Game in Town
It's official: the new homeowner tax credit is a hit.
Sale of pre-owned homes rose 7.
6 percent in April as homebuyers rushed to get their purchases completed before the deadline.
New home construction also saw a jump, according to the National Association of Realtors.
Unfortunately, as the tax credit deadline expired on April 30th, these upticks are likely temporary, as home sales fell dramatically in early May.
But as home buyers across the country curse themselves for missing the deadline for the $8,000 tax credit program, the U.
S.
Department of Energy are reminding home owners that they don't have to move in order to get a tax break.
The Energy Efficiency Credit offers up to $1,500 for purchasers of energy efficient home products like new windows, heating and air conditioning systems or weatherization.
Not only will these upgrades save homeowners money in the short-term but will increase overall home value in the long term, says the DOE.
In order to get the most out of energy efficiency upgrades, federal supplier EnergyStar suggests getting a home energy audit.
These audits will alert you to leaks in your ventilation systems and let you know how much power your home requires on a daily basis.
This information can be used to determine which energy upgrades will be most cost effective for your home.
Green energy contractors, architects, plumbers and other home technology experts are well versed in home improvements that will increase energy efficiency, save on energy bills, increase home value and grant you eligibility for home energy tax credits of 30% of sale, up to $1500.
And unlike the expired new homeowner tax credit, the energy efficiency improvement tax credit doesn't expire until December 31st, giving you plenty of time to decide the right course of action.
Because it's not easy being green.
But, at least until the end of the year, it's profitable.
Sale of pre-owned homes rose 7.
6 percent in April as homebuyers rushed to get their purchases completed before the deadline.
New home construction also saw a jump, according to the National Association of Realtors.
Unfortunately, as the tax credit deadline expired on April 30th, these upticks are likely temporary, as home sales fell dramatically in early May.
But as home buyers across the country curse themselves for missing the deadline for the $8,000 tax credit program, the U.
S.
Department of Energy are reminding home owners that they don't have to move in order to get a tax break.
The Energy Efficiency Credit offers up to $1,500 for purchasers of energy efficient home products like new windows, heating and air conditioning systems or weatherization.
Not only will these upgrades save homeowners money in the short-term but will increase overall home value in the long term, says the DOE.
In order to get the most out of energy efficiency upgrades, federal supplier EnergyStar suggests getting a home energy audit.
These audits will alert you to leaks in your ventilation systems and let you know how much power your home requires on a daily basis.
This information can be used to determine which energy upgrades will be most cost effective for your home.
Green energy contractors, architects, plumbers and other home technology experts are well versed in home improvements that will increase energy efficiency, save on energy bills, increase home value and grant you eligibility for home energy tax credits of 30% of sale, up to $1500.
And unlike the expired new homeowner tax credit, the energy efficiency improvement tax credit doesn't expire until December 31st, giving you plenty of time to decide the right course of action.
Because it's not easy being green.
But, at least until the end of the year, it's profitable.
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