Tax Credit Info

Although the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers have expired, there are other tax credit opportunities for homeowners. Let's say a few years down the road you decide to improve the energy efficiency of your appliances or you want to add solar panels, install additional insulation. You can receive a tax credit for 30 percent of the cost, up to $1,500 - labor and installation are not included.