Are those Federal Energy Tax Credits expiring this year?
The short answer is NO! With all of the things starting and stopping, you may be confused and wondering if you can still take advantage of the federal energy tax credits. The answer is yes and you should plan your projects now. There are really two programs: one for ENERGY EFFICIENCY and a separate one for RENEWABLE ENERGY. They have different sets of rules, a few of which are as follows:
Residential ENERGY EFFICIENCY Tax Credits
These are part of the stimulus package
These apply to projects such as weatherization, high efficiency systems such as heating and air conditioning, high efficiency water heaters, energy efficient windows, etc.
The system requirements are very specific - for example not all of the Energy Star® qualified appliances or windows meet the requirements of this program.
The tax credit is 30% of the allowable costs of the equipment and installation.
The credit is capped at $1500 for any one or multiple projects installed between January 1, 2009 and December 31, 2010. Therefore, these must be in service by the end of 2010 to be eligible for the tax credit. The maximum credit for any and all of these projects is $1500.
These efficiency improvements must be installed in the owner's principal residence. Rental units, second or vacation homes, and investment properties do not qualify.
Residential RENEWABLE Energy Tax Credits
This program relates to the purchase cost of equipment and installation of renewable energy systems such as solar-electric, solar hot water, wind generated electricity, geothermal heat pumps, and fuel cells. The eligible equipment is carefully defined.
Some of these credits have been in place for a number of years, but the current program applies to renewable energy systems placed in service after December 31, 2008 and before December 31, 2016. YES, the program really has a lifetime of 8 years!
The tax credit is 30% of the eligible costs.
There is NO cap on the amount of the credit and unused credits may be carried over to later tax years.
Local cities and states are also starting to get on board with this big push for green energy alternatives. These local incentives can be stacked on top of the federal credits for even greater savings. Call you local energy provider to ask for details. They should be able to send you a list of incentives that are available in your area.
When you choose us to handle your Vancouver Washington real estate needs, you choose a team of realtors® who care about you and your family. Buying or selling a home is always more enjoyable when you work with professionals who will listen to your needs and who will work together with you to achieve your objective. We are very familiar with all types a real estate in Clark County and we specialize in Vancouver, Ridgefield and Battle Ground. We are also very experienced with new home and custom home construction having assisted several local builders in selling new neighborhoods in the Vancouver Washington area. Additionally, we have helped numerous families build their own Vancouver Washington dream homes. We are dedicated to helping you make intelligent, informed decisions and to providing you with exceptional service. Go to www.ernw.org for more information. See our video here.

When you choose us to handle your Vancouver Washington real estate needs, you choose a team of realtors® who care about you and your family. Buying or selling a home is always more enjoyable when you work with professionals who will listen to your needs and who will work together with you to achieve your objective. We are very familiar with all types a real estate in Clark Countyand we specialize in Vancouver, Ridgefield and Battle Ground. We are also very experienced with new home and custom home construction having assisted several local builders in selling new neighborhoods in the Vancouver Washington area. Additionally, we have helped numerous families build their own dream homes. We are dedicated to helping you make intelligent, informed decisions and to providing you with exceptional service.







When you choose us to handle your 

