There appears to be a cauldron of federal stimulus money going to waste these days because large numbers of Americans are more concerned about saving their houses than improving them.
This isn’t setting too well with the remodeling industry, especially home-center chains such as Home Depot, which has sent out a reminder that, earlier this year, Congress approved the American Recovery and Reinvestment Act.
Meaning that, until Dec. 31, 2010, homeowners can take advantage of a national tax credit of 30 percent of the cost, up to $1,500, on a variety of energy-saving products. Insulation, windows and doors, roofing, heating, ventilating and air-conditioning systems, tankless water heaters and alternative-energy programs, such as solar panels and wind turbines, are covered.
Ask your tax accountant for details on what specific improvements and products qualify.
