Daily Real Estate News | December 6, 2007

Last Chance to Save on Home Energy Improvements

Time has almost run out for homeowners to take advantage of valuable tax credits for energy-efficient home improvements that expire at the end of 2007.

All the details on the tax credits can be found on the U.S. Department of Energy Web site.

• Insulation and exterior doors, including storm doors: 10 percent of the cost of the product (but not the installation), up to $500. Includes materials to seal air leaks such as caulk, weather stripping, and foam sealants.

• Central air conditioner, heat pump, or water heater: Up to $300 towards the full purchase price, including installation costs.

• Exterior windows, skylights, and storm windows: 10 percent of the total cost, up to $200. All windows with the ENERGY STAR label, the government's symbol for energy efficiency, qualify.

• Pigmented metal roofs: 10 percent of the cost of the product (but not the installation), up to $500 for metal roofs with pigmented coatings that meet ENERGY STAR requirements.

• Furnace or boiler: Up to $150 towards the full purchase price, and/or $50 for an efficient air-circulating fan in a furnace, including installation cost.

Source: Alliance to Save Energy, Ronnie Kweller (12/04/2007)