Talking Points
As winter approaches, homeowners may be looking for ways to cut energy bills. To assist with the cost of making energy-saving home improvements, the federal government is offering tax credits for qualified purchases. However, some of the credits expire Dec. 31, 2010.
Homeowners can get a tax credit for installing certain wood or pellet stoves; energy-efficient furnaces, water heaters, and air-conditioning systems; insulated roofs, windows, and doors; and wall and ceiling insulation. The tax credit covers 30 percent of the purchase costs, up to $1,500. A full list of eligible purchases can be found at www.energystar.gov.
