Last year, I asked my clients to purchase and install energy efficient improvements by 12/31/10. If you have not yet done so, there is a modified energy credit available for 2011.
In 2009 and 2010, there was a nonrefundable credit for 30% of costs for qualifying residential improvements for heating and cooling efficiency (e.g., windows, doors, installation, and heating and air conditioning systems) up to $1,500 collectively for 2009 and 2010.
For 2011, the credit was reduced to 10% of cost of qualifying purchases up to $500 lifetime credit ($200 for windows). The extended tax credit is in effect for all qualifying systems and products installed during the 2011 calendar year and expires on December 31, 2011.
To see what products are eligible, visit the web site: http://www.energystar.gov/taxcredit
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