cardea CONSTRUCTION CO.

2011 Energy Tax Credits

• The old generous credit titled the 2009-2010 American Recovery and Reinvestment Act (ARRA) – was allowed to expire and was not renewed. The new energy efficient tax credit is only a 10% credit, up to a maximum of $500.
• Of that, only $200 for EnergyStar windows can be applied.
• Furnaces are only allocated a $200 credit and they must now be 95% efficient.
• Wood heating systems are eligible for a max $300 credit.
Anyone that took advantage of the prior tax credits cannot utilize the credit in 2011 (no double-dipping).