Friday, May 30th, 2014

What many homeowners may not know is that making energy improvements to their homes will not only save them money and increase home comfort, but also reduce their tax burden. In this issue of the RESNET SmartHome Newsletter, we’ll tell you about available residential energy tax credits that you can take advantage of to pay less tax and reduce the cost of your energy retrofits. You can also catch up on the latest energy efficiency news and try out our energy saving tip for yourself. Happy reading!

For the 2014 tax season, qualified homeowners who have invested in energy efficient features for their homes can cut the cost of home improvement with energy tax credits. The Nonbusiness Energy Property Credit and the Residential Energy Efficient Property Credit can be applied towards certain energy property expenditures to help make energy-saving retrofits more affordable for homeowners.

When you make energy efficient improvements to your home, not only will you benefit from the financial savings, you can also take advantage of energy tax credits to defer some of the costs.