Take Energy-Saving Steps for Tax Benefits in 2010

Fremont homeowners that take energy-saving steps to remodel their home this year may receive bigger tax savings next year.  The recently enacted American Recovery and Reinvestment Act (ARRA) of 2009 contains a number of either new or expanded tax benefits on expenditures to reduce energy use or create new energy sources.

Fremont Homeowners can get bigger tax credits for making energy efficiency improvements or installing alternative energy equipment.  In addition, the new law has increased the energy efficiency standards for building insulation, exterior windows, doors, and skylights, certain central air conditioners, and natural gas, propane or oil water heaters placed in service after Feb. 17, 2009.

Fremont homeowners seeking these tax credits can temporarily rely on existing manufacturer certifications or appropriate Energy Star labels for purchasing qualifying products until updated certification guidelines are announced later this spring.

ARRA provides for a uniform credit of 30% of the cost of qualifying improvements up to $1,500, improvements include adding insulation, energy-efficient exterior windows, and energy-efficient heating and air conditioning systems.

The amount that can be claimed for improvements placed in service during 2009 and 2010 is $1,500, instead of the $500 lifetime limit under the old law.

There is a lot of free information available to you about buying, selling or investing in Fremont real estate. For complete information about the Fremont Ca real estate market including current Fremont homes for sale, property values, market conditions and more please visit the most complete website dedicated to everything Fremont real estate related.

If you or someone you know are in need of a competent and caring Fremont agent in or near Fremont Ca, I hope you will contact me. Clyde Brown Legacy Real Estate & Associates.

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