If you have made energy efficient upgrades to your home, you could be eligible for some tax relief.
The American Taxpayer Relief Act of 2012 retroactively renewed the federal energy efficiency tax credit for homeowners who made qualifying improvements in 2012 or 2013.
The credit can mean up to $500 of cash in your pocket. This means up to:
Look over any improvements you made recently, even if you received incentives from the County or State, to determine if you are eligible for money.
For information on specific standards and requirements, visit the Energy Star webpage on the tax credit’s specific requirements.
There are rules to the Taxpayer Relief Act’s tax credit for consumer energy efficiency, such as most improvements must meet certain efficiency standards. Further, the tax credit is limited to $500 total, so you are not eligible for tax relief in 2013 if you received $500 in credit in 2012, and so on. When in doubt, consult your tax professional.
Find more ideas to improve your energy efficiency (and potentially get the 2013 credit), by checking out the My Green Montgomery projects tab.
Article by Eric Coffman, Senior Energy Planner, Montgomery County Department of Environmental Protection