Monday, January 24, 2011
2011 Nonbusiness Energy Property Credit
The credit is still available for property placed in service in 2011 but in greatly reduced form. You can now get a maximum of $500 based on 10% of qualified improvements. Qualified improvements include energy-efficient windows, doors, insulation, certain roofs, and heating and air conditioning systems. Installation costs only qualify in the case of heating and air conditioning systems. This $500 credit is reduced by the total of any credits taken on your return for 2006 through 2010 so it probably won't help many taxpayers.
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