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Tax Credit Consulting: Energy Star Tax Credit Cedar Rapids IA

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.

Matthew Scott Carstens
(319) 364-6000
201 3rd Avenue SE
Cedar Rapids, IA
Specialties
Litigation, Real Estate, Antitrust, Energy
Education
University of Iowa College of Law,American University,University of Michigan
State Licensing
Illinois, Iowa, Michigan

Paula Sue Dierenfeld
(515) 283-8023
700 Walnut Ste 1600
Des Moines, IA
 
Matthew Scott Carstens
(319) 364-6000
201 3rd Avenue SE
Cedar Rapids, IA
Specialties
Litigation, Real Estate, Antitrust, Energy
Education
University of Iowa College of Law,American University,University of Michigan
State Licensing
Illinois, Iowa, Michigan

Selk Murphy Tax Services
(319) 363-2387
503 10th St SW
Cedar Rapids, IA
 
Burkhart Peterson & Company
(319) 362-3929
Cedar Rapids, IA
 
Sheila K. Tipton
(515) 243-7100
The Financial Center, 666 Walnut, Ste 2000
Des Moines, IA
Specialties
Administrative Law, Energy, Employment, Telecommunications
Education
Drake University Law School,Ohio University
State Licensing
Iowa

Richard W. Lozier Jr.
(515) 283-4336
666 Walnut St
Des Moines, IA
Specialties
Telecommunications, Real Estate, Insurance, Energy
Education
Exeter University,University of Iowa
State Licensing
Iowa

Jackson Hewitt Tax Service
(319) 396-1200
2600 Edgewood Rd SW
Cedar Rapids, IA
 
Klein Tax Service
(319) 363-5100
3900 River Ridge Dr NE
Cedar Rapids, IA
 
Landon Pamela K CPA
(319) 366-2163
3037 Center Point Rd NE
Cedar Rapids, IA
 

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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