Tax Tip:  Energy Credits reinstated for 2009

Install energy-effiecient equipment in your home in 2006 or 2007 and qualify for up to $500 in tax credits.  A tax credit is more valuable than a deduction because it reduces your tax bill dollar for dollar.  This credit is available regardless of your income level but may only for improvements to your existing house and only a portion of the cost.  Still you can claim a credit for insulation, windows or doors, a new furnance, air conditioner or heat pump (from Keeran Mechanical hopefully).  This benefit was not in affect for 2008 but has been reintated and improved for 2009 and appended some for 2010.

Check www.energytaxincentive.org for details on credits.