Energy Credits

Were the nonbusiness energy efficiency improvements property credits that expired January 1, 2008 part of the bill that just passed? (windows, doors, insulation, furnace, etc.)

Thank you, George L. Anthony snipped-for-privacy@atlanticbb.net

Reply to
George Anthony
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Yes. HR 1424, Division B, Title I, Section 106.

Reply to
Alan

I am quoting from

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"Congress also reinstated the Code Sec. 25C residential

energy property credit for property placed in service in 2009.

Eligible improvements include insulation materials,

exterior windows, including skylights and exterior doors."

I assume this means that these credits are not available for tax year

2008?????
Reply to
George Anthony

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Whoops.. it was Section 302 of the bill that extended the credits you are referencing.

SEC. 302. CREDIT FOR NONBUSINESS ENERGY PROPERTY. (a) EXTENSION OF CREDIT.?Section 25C(g) is amended by striking ??placed in service after December 31,2007?? and inserting ??placed in service? ??(1) after December 31, 2007, and before January 1, 2009, or ??(2) after December 31, 2009.??.

Reply to
Alan

From

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"On October 3, 2008, President Bush signed into law the ?Emergency Economic Stabilization Act of 2008.? This bill extended tax credits for energy efficient home improvements (windows, doors, roofs, insulation, HVAC, and non-solar water heaters). Tax credits for these residential products, which had expired at the end of 2007, will now be available for improvements made during 2009. However, improvements made during

2008 are not eligible for a tax credit."
Reply to
tobe

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