Expansion of Home Improvement Tax Credit

Tax credits for making energy efficient Escondido home improvements are now 30% of the cost of the improvements.  The maximum amount you can receive is $1,500.  So for example, if you added qualified improvements to your Escondido house of $4,000 the credit you would receive a tax refund of $1,200 when you file your tax returns. Eligible Escondido home improvements include energy efficient exterior windows and doors,furnaces, heat pumps insulation, central air conditioners and water heaters. Generally, your Escondido home improvement contractor and/or the manufacturer selling the improvements issues a certification that clarifies whether the improvements meet the necessary standards for energy efficiency. Places like the Escondido Home Depot can also help you know what qualifies.  Most newer models of modern windows, furnaces, and air conditioners meet these requirements. If you’ve been of doing any of the improvements that qualify, this spring might be a good time to upgrade your Escondido property.  Watch for the great springs sales, get a good price and then a tax break.  There is also a substantial credit for adding solar panels to you Escondido house.  Before you do so read my post “Solar Panels – Free Energy?”

To get more Escondido real estate information, contact Gary Harmon, your Escondido real estate agent.