You could be eligible to get a federal tax credit to help cover the costs of certain improvements. Upgrades, like windows, insulation and tankless hot water heaters, put into service in 2009 and 2010 qualify for up to $1,500 in energy efficiency tax credits. With more elaborate upgrades, like geothermal heat pumps, there is no limit to the federal tax credit. You could get back 30% of the cost. We've found that the best site for specific information about energy tax incentives can be found on the Energy Star web site. Check out the video below where Justin Cooper from WSPA, the local CBS affiliate, talks with Cherish Benton about home tax credits.
