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Not race related, money saving related.


direct-flo

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Hello fellow racers and fans of racing.

 

Some of you may not be aware of the Mail-In Appliance Rebate Program that is scheduled to start on December 20th. This program offers rebates on a variety of appliances. Link:Energysmart

 

Don’t forget about the Federal Tax Credit that also can save you money on a selection of energy efficient applications to your home. The deadline for this credit is December 31st.

 

Please check with your local utility company as they may offer rebates/credits when a homeowner installs energy efficient appliances, which may include air conditioning and heating systems.

 

An example: a homeowner can save up to 3750.00 when the rebates/credits(Energy Star, Federal Tax Credit and Utility rebate) have been applied towards a qualified HVAC purchase.

 

Please contact your local contractor for assistance.

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Don’t forget about the Federal Tax Credit that also can save you money on a selection of energy efficient applications to your home. The deadline for this credit is December 31st.

Be careful when shopping - in years past (up to 2007) just having the energy star was enough for the tax credit Not so now!

 

The new law increases the credit rate to 30 percent of the cost of all qualifying improvements and raises the maximum credit limit to $1,500 claimed for 2009 and 2010 combined.

 

The credit applies to improvements such as adding insulation, energy-efficient exterior windows and energy-efficient heating and air conditioning systems.

 

To qualify as “energy efficient” for purposes of this tax credit, products generally must meet higher standards than the standards for the credit that was available in 2007.

 

Manufacturers must certify that their products meet new standards and they must provide a written statement to the taxpayer such as with the packaging of the product or in a printable format on the manufacturers’ Website.

 

Qualifying improvements must be placed into service after December 31, 2008, and before January 1, 2011.

 

The improvements must be made to the taxpayer’s principal residence located in the United States.

 

To claim the credit, attach Form 5695, Residential Energy Credits to either the 2009 or 2010 tax return. Taxpayers must claim the credit on the tax return for the year that the improvements are made.

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