Hot news concerning the American Taxpayer Relief Act of 2012–energy tax credits for windows, doors, skylights and more are again available for qualifying purchases. The 25C homeowner credits are retroactive for 2012 and extend through 2013. Information on the 2012 Residential Energy Credits, Form 5695, is available through the website for Internal Revenue Service. Details on the extended homeowner tax credits and builder tax credits are also available from Dsire, a database of renewable and efficiency incentive programs sponsored by the Department of Energy. This information is not yet available through the EnergyStar website, but promises to be so in the near future.
This move by Congress shows a great potential for increased home improvement projects this year and upswings in the housing market; hopefully, this important move by Congress will serve to lessen any doubts by the homeowner on the benefits of energy efficient products in the home. Clearly, energy efficiency is a thriving topic and it appears that the 113th Congress will continue to advance legislation appropriately. Bipartisan work at its best!