Tax Credit:
30% of cost / $3,200 anually
Expires:
Calendar year 2034
* New federal income tax credits are available through 2032 providing up to $3,200 annually to lower the cost of energy efficient home upgrades by up to 30 percent. Improvements such as installing heat pumps, heat pump water heaters, insulation, doors and windows, as well as electrical panel upgrades, home energy audits and more, are covered by the tax credits and can help families save money on their monthly energy bills for years to come.
In addition to the energy efficiency credits, homeowners can also take advantage of the modified and extended Residential Clean Energy credit, which provides a 30 percent income tax credit for clean energy equipment, such as rooftop solar, wind energy, geothermal heat pumps and battery storage through 2032, stepping down to 22 percent for 2033 and 2034.
More factors considered were product reputation and first-hand knowledge of the product. Contractors in the northeastern U.S. considered performance and appearance as having a more important influence on selection than do cost or recommendations. Given the choice, Contractors prefer vinyl by a wide margin and because of this preference it will most definitely influence homeowner tastes and help drive the choice in siding. The fact that the siding material does hold true to the test of time will greatly increase the future of vinyl siding..
Details:
Visit Tax Credits for Homeowners for a complete list of products!
Visit www.energystar.gov for more details.