We know, you’ve heard the media propogate the idea that the recently released American Recovery and Reinvestment Act (ARRA) is supposed to boost our economy, but we also know that you don’t want to sift through 400 page document to find out how it will help you specifically.
Luckily for you, the committed folks at BGB have taken the time to research the ARRA, and extract the helpful information that pertains to you and your home.
The most important message we discovered: Almost all renovations on your home will qualify you for a tax credit of up to 30% up to $1500. Planning a renovation or remodel? Read the list below and see if your project qualifies.
-Natural Gas/Propane/Oil Furnace
-Gas/Propane/Oil Hot Water Boiler
-Biomass Stove or Water Heater
-Gas/Propane/Oil Tankless Water Heater
All renewables are also eligible for tax credits of 30% of cost, with no cap.
Criteria for receiving the tax credit requires that the equipment you buy must meet specific standards
For many of these projects there are also state rebates available.
Please give us a call for additional information on how to take advantage of these incentives before they expire.