Thursday, April 23, 2009

How Much Will You Benefit From the Stimulus Package?

One of the things that we have mentioned here on SIREN fairly often is the $8,000 Federal Housing tax credit. But are you getting everything you can from the stimulus package? This article tells you about more other benefits you might be able to get from the stimulus package, including other breaks for increasing the energy efficiency of your new home.

"If you’ve been thinking of adding new windows, an outer door, insulation, or other energy-efficient improvements around the house, this might be a smart year to do so. The max energy-efficiency credit has been raised from $500 to $1,500, and from 10% of the project’s cost to 30%. Additional purchases include energy efficient appliances such as air conditioners and water heaters. Before making a purchase, make sure the product is eligible for the credit."

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