Federal funding for energy efficiency will be a big incentive, if not the primary reason, for home improvements this year. As a contractor, knowing the ins and outs of these incentives could make all the difference in client interviews. Because tax code is never the easiest thing to read, the NAHB has put together a website to explain the details.
The site covers the two important stimulus components for homebuilders and owners: the Existing Home Retrofit Tax Credit and The Wind, Solar, Geothermal and Fuel Cell Tax Credit. The credits are broken into categories (Windows and Doors, Insulation, etc.) with explanations for each category, including how a project qualifies for its corresponding tax credit. A PDF is also available for download and printing.