Tax Tips

Tax credits for Home Energy Improvements.

Tax credits are available for certain home energy improvements such
as insulation, windows, doors, roofing, heating, air conditioning, and water
heaters.

• The credit is 10% of the cost up to a maximum credit of $500 and must be reduced by any credit claimed in 2006 through 2010.
• Taxpayers should obtain and keep the Manufacturer’s Certification statement.
• Improvements must be installed by Dec. 31, 2011.
• Also, Indiana allows up to a $1,000 deduction for insulation, storm windows, and storm doors.