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Tax Credit Consulting: Energy Star Tax Credit Aberdeen SD

It must be noted that not all Energy Star Homes are eligible for a tax credit. The Energy Star Tax Credit actually refers to a number of credits resulting from the Energy Policy Act of 2005. Read more.

Liberty Tax Service
(605) 262-1040
1225 6th Ave SE Ste 2
Aberdeen, SD
 
Fidelity Financial Services
(605) 226-3371
14 2nd
Aberdeen, SD
 
Mj Hamak Ea Tax Prep
(605) 225-5788
1512 10th Ave SE
Aberdeen, SD
 
Hofer Orin CPA
(605) 361-1333
4605 W Homefield Dr
Sioux Falls, SD
 
Gakin Barbara A
(605) 234-2272
108 W Beebe Ave
Chamberlain, SD
 
Kippley Accounting
(605) 229-2124
215 5th Ave SW
Aberdeen, SD
 
Gugel Charles Business Services
(605) 229-0156
1201 S Main St
Aberdeen, SD
 
H & R Block
(605) 229-4681
215 5th Ave SW
Aberdeen, SD
 
Neumayr & Smith
(605) 765-2494
105 N Exene St
Gettysburg, SD
 
Ideker Dean A
(605) 343-1520
3535 Sturgis Rd
Rapid City, SD
 

Tax Credit Consulting: Energy Star Tax Credit

Energy Star Tax Credit

It must be noted that not all Energy Star Homes are eligible for a tax credit. The Energy Star Tax Credit actually refers to a number of credits resulting from the Energy Policy Act of 2005.

Energy Star Tax Credit

The Energy Policy Act of 2005 established several tax credits for environmentally sound products. Energy Star is a joint program of the United States Environmental Protection Agency and the United States Department of Energy. Basically, the Energy Star Program is a rated service that determines the energy efficiency and environmental soundness of various products used in a home or business. Items that meet the Energy Star criteria are clearly labeled and rated for the benefit of consumers.

The Energy Policy Act that established a credit of up to $500 a year is closely related to the Energy Star Program in that many Energy Star products would qualify for the credit. The credit is for products used in home improvement and covers such items as energy efficient windows and improved insulation. The use of Energy Star labeled appliances would usually qualify under this credit. This has led to the use of the term Energy Star Tax Credit.

The Energy Policy Act goes beyond just this homeowner improvement credit. It also covers such diverse items as hybrid automobiles and solar heating systems. The best place to find information on the tax credits available would be the IRS information on the benefits of the Energy Policy Act rather than under the Energy Star information. The tax credits are currently available for the tax years of 2006 and 2007.

The whole idea of tax credits for environmentally sound and energy efficient products is an example of the use of the tax codes to encourage activities that are good for the society as a whole. In this case, they are encouraging activities that are good for the tax payer on a more personal basis. Most Energy Star products will produce a great savings in the cost of energy for the ind...

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