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Many homeowners have questions about whether their home remodeling costs are tax deductible. The answer is yes…and no. Some costs can be deducted immediately, but many need to wait until you sell your house, so the important thing to remember is no matter what, always save your receipts!
If you plan on green home remodeling, consider an alternative energy source such as geothermal. It seems counter-intuitive that a technology which depends on circulating liquid through pipes in the ground could be used to both heat and cool a house, but that’s exactly what a geothermal heat pump (GHP) or ground-source heat pump does.
When considering a green home remodeling project, think of the sun. Now is a perfect time to consider switching to a renewable energy source such as solar power. Many homeowners don’t consider solar because they think it too expensive, unreliable, or complicated. However, solar panels have improved greatly in the last 20 years. They are smaller, more efficient and reliable, less expensive, and easier to obtain.
The Obama Administration wants you to make your house more energy efficient and they’re willing to pay you for it. That’s great news. Not only can you save money on gas and electric bills, but you can get a nice tax credit for it as well.
Your windows leak. They let in a lot of heat in the summer and cold air in the winter. You’ve thought about replacing your windows, but is it worth the expense? How much of an improvement would new windows be?
