Energy Tax Credits 2011. If you think you may have missed out on energy tax credits because you didn't get to those energy-saving improvements on your 2010 to-do list, think again. When President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 last December, the benefits included extension of many energy efficiency tax credits into 2011.
The levels and limits on these energy tax credits are lower than before; basically back to where they were when the incentives started in 2006-2007. But, if the energy saving home improvements covered are needed anytime soon, taking advantage of them is still very much worth your while, with the best deals in the bunch offered for components and systems that help you bring renewable energy into your life.
Here's a quick rundown of eligible energy-saving improvements that get you credits if installed in your primary residence now through Dec. 31. Keep in mind that there's a $500 overall cap on the credits you can earn, and that the total is impacted by any related energy-efficiency credits you've earned in prior tax years (however, it doesn't affect the $1,500 limit that was available for 2009 and 2010).
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