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Energy Tax Credit Deadline is Dec 31st, 2010

December 3, 2010

This 30% tax credit up to $1500 has created a mini-boom in some home improvement projects, such as replacing an old furnace with a new energy efficient one, or replacing your old windows with new, low-E double pane vinyl replacement windows.  Other things that the tax credit applies to are new EnergyStar appliances.  I recently replaced my 30 yr old furnace with a brand new 93% efficient furnace at a cost of around $3000.  The great part is that I got a $900 tax credit that directly offset my taxes that I owed.  Congress is considering a smaller tax incentive next year, probably around 10%, but the final details have not been hammered out yet.  So you still have a few days to get this done!

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