OK so that’s a bit of an exaggeration. Today on the radio I’m talking about Energy Star improvements, and while your efficient updates alone won’t end global warming, they can make a difference. With a bit of planning they will also save you $500 on your taxes, and that’s no exaggeration.
$500 is the maximum credit for improvement projects, and it’s only good for projects completed through Dec. 31, 2007.
Maximum credits for popular energy-saving projects
- Up to 200 on windows
- Up to 500 on doors
- Up to 500 on roofs and insulation
- Up to 300 on a new A/C
- Up to 300 on water heaters
The 2007 form will not be out for awhile but it’s a fair assumption it will be similar.