ProudGreenHome.com

A new air conditioner could save your sanity and quite possibly your marriage, but a new heating and air conditioning system doesn't come cheap. The good news: You may be able to get some of that money back when you file your tax return. The bad news? You would have been eligible for a much larger tax credit if you had replaced your HVAC last year, according to USA Today.

In December, Congress extended tax credits for energy-efficient home improvements through 2011, but it also pared them back. The maximum tax credit you can claim for most energy-efficient home improvements in 2011 is $500, down from a maximum credit of $1,500 in 2009 and 2010. The law also caps the amount you can claim for specific projects.

For example, the maximum tax credit you can claim for an energy-efficient heating and cooling system is $300, said Helen O'Planick, an enrolled agent in Manchester, Pa. The maximum credit you can claim to replace your leaky windows is $200.

Still, a modest tax credit is better than none at all. Homeowners who are considering energy-efficient improvements should take advantage of it while it lasts, because there's no guarantee the credit will be extended, O'Planick said.

For more information, see our Government Energy Rebates and Tax Credits research center.

Related Content

User Comments – Give us your opinion!
Products & Services

Why Geothermal Systems in Portland, OR and Vancouver, WA?

http://global.networldalliance.com/new/images/products/5759.png

5759/Why-Geothermal-Systems-in-Portland-OR-and-Vancouver-WA

ZIP System® Sheathing | Thermal Resistant Sheathing | Weather …

http://global.networldalliance.com/new/images/products/7053.png

7053/ZIP-System-Sheathing-Thermal-Resistant-Sheathing-Weather-Resistant-Sheathing-Sheathing-Prevents-Air-Leakage-Sheathing-Prevents-Water-Intrusion

SaniTEE® Wastewater Screens

http://global.networldalliance.com/new/images/products/4613.png

4613/SaniTEE-Wastewater-Screens

Benefits of geothermal systems

http://global.networldalliance.com/new/images/products/5253.png

5253/Benefits-of-geothermal-systems

Knauf Metal Building Insulation is Easy to Cut, Has Many …

http://global.networldalliance.com/new/images/products/7001.png

7001/Knauf-Metal-Building-Insulation-is-Easy-to-Cut-Has-Many-Applications

Home Slicker® Rainscreen

http://global.networldalliance.com/new/images/products/5817.png

5817/Home-Slicker-Rainscreen

Save Money with the ACT D'MAND Kontrol® Hot Water Distribution …

http://global.networldalliance.com/new/images/products/6227.png

6227/Save-Money-with-the-ACT-D-MAND-Kontrol-Hot-Water-Distribution-System

Tax Credits and Other Incentives

http://global.networldalliance.com/new/images/products/5233.png

5233/Tax-Credits-and-Other-Incentives

Pella windows and doors protect the environment and promote …

http://global.networldalliance.com/new/images/products/6771.png

6771/Pella-windows-and-doors-protect-the-environment-and-promote-sustainability

GeoComfort geothermal systems throughout south central Wisconsin

http://global.networldalliance.com/new/images/products/5235.png

5235/GeoComfort-geothermal-systems-throughout-south-central-Wisconsin

Metal Sales
STEP Warmfloor
Panasonic
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.