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Follow on Google News | greeNEWit Reminds All that Energy Efficiency Tax Credits Will Expire in Late DecemberBy: greeNEWit The first category is the doors, windows and insulation. A household can receive 10 percent of the cost of upgrading the efficiency of the home’s envelope, capping at $500. The improvements eligible for credit are as follows: Insulation materials Exterior doors and windows (windows capped at $200) Asphalt roofs containing cooling granules and pigmented metal roofs for heat reduction The second category includes heating, cooling and water heating. A household may receive the full cost of the HVAC equipment in tax credit with the following caps set, according to DSIRE: Advanced main air circulating fan: $50 Natural gas, propane, or oil furnace or hot water boiler with an annual fuel utilization rate of 95 or greater: $150 Electric heat pump water heater with an energy factor of at least 2.0: $300 Electric heat pump that achieves the highest efficiency tier established by the Consortium for Energy Efficiency (CEE): $300 Central air conditioner that achieves the highest efficiency tier established by the CEE: $300 Natural gas, propane or oil water heater that has either an energy factor of at least 0.82 or a thermal efficiency of at least 90 percent: $300 Biomass stoves that use plant-derived fuel such as wood pellets: $300 Claims are strictly for primary residences only and homeowners who filed claims in the past six years are ineligible to receive the credit. Upon implementing your energy efficiency upgrades, you must file an IRS form 5695 alongside your 2013 taxes. For more information about the tax credit requirements, visit Energystar.gov (http://www.energystar.gov/ About greeNEWit greeNEWit provides energy and water saving upgrades that help residents and businesses save money on their energy bills and reduce the carbon footprint. The company aims to promote sustainable innovation, reduce consumption, eliminate waste and reform our relationship with the environment. Click the link to learn more about how you can greeNEWit (http://greenewit.com/ End
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