Good news if you are now filing taxes for 2016! Congress renewed the previously expired Residential Energy Efficiency Tax Credit.
This means that any qualified efficiency updates you made in 2015 are eligible for credits when you file your taxes. Plus, updates you make in 2016 will be eligible for credits when you file next year.
Residential Energy Efficiency Tax Credit
The efficiency tax credit has now been retroactively renewed from January 1, 2016, through December 31, 2016. If you made energy efficient home improvements last year (or plan to this year), use the list below to find out if your project could save you money.
The following products are eligible for tax credits:
Building envelope improvements
Heating, cooling, and water heating equipment
Each of these products has specific requirements to qualify for the tax credit; be sure to review the Residential Energy Efficiency Tax Credit requirements carefully before making a claim on your 2016 taxes or committing to a new purchase in 2017. For more information on energy efficient home heating and cooling in Chesapeake, VA, contact Central Plumbing and Heating.