Energy-efficient home improvements—ones that can save you real money each month on your utility bills—qualify for federal tax credits and other local incentives. SIU Credit Union can help make your home a little “greener.”
Federal tax credit
Reinstatement of tax credits for energy-efficient home improvements was part of the American Taxpayer Relief Act.
Congress made the tax credits retroactive, which means that improvements you made in 2012 and 2013 qualify. The program has a cap of $500 in total credits and the improvements must be made to your principal residence. To make sure that the product you’re purchasing qualifies for the energy credit, check the IRS website atirs.gov.