Complete Contracting of Maryland Free Estimates! (443)790-9975
Energy Efficiency Can Lower Your Federal Tax Bill as Well as Your Energy Bills! The American Recovery and Reinvestment Act of 2009 (ARRA) was signed into law on February 16, 2009 by U.S. President Barack Obama, opening the door for heating, air conditioning and indoor air quality customers to receive expanded tax credits. The tax credits apply to the installed costs of qualifying high-efficiency products and home efficiency improvements. Qualifying improvements include energy-saving heating & cooling equipment, indoor air quality components, boilers, water heaters, windows, doors, skylights, roofing, insulation and solar devices. Energy-efficiency limits for improvements are detailed below. The full $1,500 tax credit can be applied to a single purchase or a combination of appliances or energy improvements. Use IRS Form 5695 to file for the credit. Complete Contracting of Maryland, LLC strongly recommends you consult with a qualified CPA and keep all records and receipts of purchases.
New And Renewed Tax Credits Now Help U.S. Homeowners Save Hundreds
UPDATED - 2.16.09
The tax credit is equal to 30% of the installed cost of qualifying heating and cooling improvements, up to a cumulative amount of $1,500 during the two year incentive term. The credit's term is retroactive to the beginning of the year 2009, from January 1, 2009 to the expiration date of December 31, 2010. All previous 'caps' on the credits have been removed. Consumers who previously claimed the same tax credits in prior years may also claim the 30% tax credit (up to $1,500) included in the Act.
Qualifying geothermal products are not subject the $1,500 credit limit. A full 30% credit may be taken on the entire cost of the geothermal improvement. In addition, geothermal products have a longer credit term, expiring December 31, 2016.What improvements qualify:
How to get the credit:
Complete Contracting of Maryland is a licensed and insured contractor in Maryland.
Get a $1500 tax credit for making
energy-efficient home upgrades now!
You could raise your comfort level and lower your energy bills significantly by installing insulation, replacing leaky windows and doors, and replacing old furnaces and air conditioners with energy-efficient models.
If you missed out on the earlier tax credits for energy-efficient improvements, they have been reintroduced for 2009 and 2010. The maximum total amount that can be claimed for all products placed in service in 2009 and 2010 for most home improvements is $1,500.
To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Taxpayers should seek professional advice based on their particular circumstances.
On February 13, 2009 Congress approved the American Recovery and Reinvestment Act of 2009. For homeowners thinking about replacing their windows, this is the perfect time to complete this project! Qualifying Energy Star rated windows, doors, roofing and insulation (must have a U factor of below .30 and SHGC of .30) installed between January 1 and December 31, 2009 qualify for a tax credit of 30% of their cost up to $1,500. For a limited time, homeowners who sign a contract for any approved energy efficient product can receive an additional $500 off their project!*
Complete Contracting of Maryland carries a variety of windows and doors that qualify for this Energy Conservation Act. In addition to the window tax credit of $1,500, replacement windows offer the following benefits:
Contact our office today at
443-790-9975 to set-up a free estimate and find out how much you could be saving on your energy bill! Our Project Consultant will complete a brief energy assessment with you, to determine how you can reduce the amount of energy loss from your home. *Terms and Conditions may apply, contact our office for full details.