19 Dec '11, 12pm

Green Tax Credits That Expire Dec. 31

Green Tax Credits That Expire Dec. 31

Insulating your attic is just one of the home energy efficiency improvements with a federal tax credit that expires at the end of the year. Photo: Alliance to Save Energy With holiday parties, gift shopping and New Year’s Eve right around the corner, the last thing on your mind this month is your 2011 tax returns. But the next two weeks may be your last chance to get a tax break for replacing your furnace or insulating your attic: Up to $500 worth of federal tax credits for home energy efficiency improvements are set to expire Dec. 31, and Congress may not extend them for next year. “The 2012 outlook is bleak for renewal of the homeowner tax credits but, as always, rosy for saving money and increasing indoor comfort with energy efficiency,” said Lowell Ungar, policy director at advocacy group Alliance to Save Energy . Here’s a guide to the home energy upgrades that are eli...

Full article: http://earth911.com/news/2011/12/19/energy-efficiency-tax...

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