Remember a tax credit is generally more valuable than an equivalent
tax deduction because a tax credit reduces tax dollar-for-dollar,
while a deduction only removes a percentage of the tax that is owed.
Consumers can itemize purchases on their federal income tax form,
which will lower the total amount of tax they owe the government. In
addition to federal tax incentives, some consumers will also be
eligible for utility or state rebates, as well as state tax incentives
for energy-efficient homes, vehicles and equipment. Your own states
energy office web site may have more information on specific state tax
Consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in existing homes can receive a tax credit for 30% of the cost, up to $1,500, for improvements "placed in service" starting January 1, 2009, through December 31, 2010. Power-Save's radiant barrier is a qualifying technology.
Consumers who install solar energy systems (including solar water heating and solar electric systems), small wind systems, geothermal heat pumps, and residential fuel cell and microturbine systems can receive a 30% tax credit for systems placed in service before December 31, 2016; the previous tax credit cap no longer applies. Power-Save solar kits are already very competitively priced and with the added incentives at both federal and state levels this is a great opportunity for homeowners and small businesses to drive their long term energy costs down.
This assistance will give a fantastic incentive to invest now in energy savings products. We are at the forefront of this new businesswith an unsurpassed range of products across all price points. So if you would like more information Email us back today.
If you are already working with us you can enjoy these tax credits and initiatives today!