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Another hidden gem in stimulus package for homeowners, $1500 tax credit for green improvements

going-green-at-home-small1It has been brought to my attention that there is another little nugget in the stimulus package signed by President Barack Obama earlier this month. If you own a home and are interested in making some “green improvements” you could find yourself getting another $1500 tax credit for going green.

If you make an improvement on your home in 2009 or 2010, you may qualify for the tax credit. Some projects that will qualify for the $1500 tax credit include installing energy-efficient windows, doors, furnaces and air conditioners. Also you can qualify if you are to add energy-saving insulation to your home too. Home owners will qualify to receive up to 30% of the cost of the improvements back up to $1,500.

This is a great opportunity for someone who has been looking to make green improvements to their home, but maybe holding off because of costs. Now you can spend $5,000 on improvements and receive $1500 of that back in a tax credit. Also to be considered into the cost is the amount of money the improvement could save you.

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