Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

$1500 Energy improvement tax credit expiring

Blimey! Where are you NAR and why aren’t you weighing in?  I am probably a little late in my rant but we have been receiving call to actions for extending the mortgage interest deduction and other key pieces of legislation that affect home ownership recently as Congress is wrapping up for the year with major tax legislation on the table.  I’m not sure why or how this has slipped through the cracks.

The Bill that was signed last night and should be before the president ASAP and is a very broad bill that has some major changes to the current energy efficient tax credits.  There are still incentives for builders to build efficient homes ($2000) and manufacturers to build more efficient appliances.   However, gone will be the $1500 or 30% tax credit for the consumers who choose more efficient products or made energy improvements to their homes.

Obviously, this is a huge step backward and frankly, we should have made more of a fuss.   This program is a wonderful advantage of homeownership, gives consumers some real incentive to upgrade in a more socially responsible way, drives load on utilities down, and drives demand up for manufacturers and contractors.

The Tax Incentives Assistance Project can offer more detail on these new tax incentives.  I think we need to start an AG grass roots effort to push for some amendments to this current legislation that at least include something meaningful for the consumer.

Advertisement. Scroll to continue reading.
Written By

Anna Altic – Village Real Estate Services. I’ve called Nashville home for the last 15 years and have been practicing (practice being the key word here) real estate for just over 6 years. In the fall of 2007, I went to a local German Festival that had a home tour, including a LEED certified property, and I instantly became enamored with the idea of eco friendly living (ok, so I’d had a little beer and the dual flush toilet rocked my world). I have since devoted much of my time and energies in to studying and espousing the benefits of better building technology within our local residential market and my proudest accomplishment thus far has been successfully leading the initiative to get over 25 green features added to our MLS search fields.

14 Comments

14 Comments

  1. fred romano

    December 18, 2010 at 12:49 pm

    All of these credits NEED to stop! Its madness. Stop the government spending.

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.