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Obama Reiterates Desire to Give Homeowners Rebates for Energy Efficiency
In tonight’s State of the Union Address, President Obama referenced the proposed Homestar, or “Cash for Caulkers”, program by stating “we should give rebates to Americans that make their homes more energy efficient.” President Obama said that jobs must be the #1 focus in 2010 and that he wants a jobs bill on his desk without delay. Questions now include what the details of the jobs bill will be, what type of tax credit will be given to homeowners that implement energy efficiencies, and how long it will take for the bill to work its way through the House, the Senate, and to the President. Energy efficiency was also a repeated theme of the President’s speech, including creating incentives for new clean energy jobs, building nuclear power plants, offshore gas development, and investment … Read entire article »
Filed under: Homestar
2009 Tax Checklist for Energy Efficiency Credits
It’s that time of year when taxpayers are starting to receive 2009 tax information in the mail and, as a result, starting to prepare their 2009 taxes. Here’s a quick and easy checklist to see if you qualify for any home energy efficiency improvement tax credits: Did you install any of the following in 2009? Biomass Stove Heating, Ventilating, Air Conditioning (HVAC) Insulation Roof Water Heater Windows Doors Geothermal Heat Pumps Small Wind Turbines Solar Energy Systems If so, you may qualify for a tax credit for 30% of the cost, up to … Read entire article »
Filed under: tax Credits
Will Obama Discuss Cash for Caulkers on January 27th?
Will Obama discuss the Cash for Caulkers in his State of the Union Address on January 27th? On one hand, now that Scott Brown has been elected as a Massachusetts Senator, one could argue the odds of the Cash for Caulkers program becoming a reality probably have decreased. With Brown’s victory, the Democrats no longer have their supermajority which is needed to overcome any GOP filibusters. The number one priority for the Democrats right now is … Read entire article »