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‘Spring Fest’ Set for May 14 – 17 in Baldwin -- "Triumph of the Holy Cross Parish kicks off ‘Spring Fest’ on ..." -- 30 April 2025
Spaghetti Dinner Fundraiser in Belle Vernon -- "A Spaghetti Dinner Fundraiser will be held at Rehoboth Presbyterian Church in ..." -- 30 April 2025
South Hills Coin Club to Meet May 6 -- "Program Will Discuss Crypto Currency" -- 30 April 2025
ANNUAL PLANT SALE AND GARDEN MARKET SET FOR MAY ... -- "Giant Oaks Garden Club will sponsor its 24th Annual Plant Sale and Garden ..." -- 30 April 2025
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Pre-Sale Event for Spring Fest ‘New 2 U’ Rummage ... -- "Triumph of the Holy Cross Parish is holding its Spring Fest ‘New 2 ..." -- 30 April 2025
Mon Valley Coin Club Meeting to Discuss $2 Bills -- "The monthly meeting of the Mon Valley Coin Club will take place at 7:00PM on ..." -- 30 April 2025
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Home & Garden

 
(NewsUSA) - The "fiscal cliff" was averted, but what does this mean to homeowners? The answer: a lot. The bill, signed into affect on Jan. 2, restricts tax rates from increasing and, among other things, reinstates and extends tax credits for qualifying energy-efficient home upgrades between Jan. 1, 2012 through Dec. 31, 2013. Homeowners can earn up to $500 in tax credits with the purchase and installation of qualifying products.
 

Talk to a licensed contractor about upgrades that trim bills and earn tax breaks.

"Now is an ideal time to check off some of those home improvement 'to do' items," said Trey Hoffman, global product manager at Rinnai. "In addition to the tax break, homeowners reap the benefits of these energy-efficient upgrades for years, as these products can help reduce monthly utility bills."
 
What qualifies as an energy-efficient upgrade? All products must meet certain efficiency criteria to qualify. A licensed contractor, builder or remodeler can help homeowners select eligible products, such as:
 
* Insulation materials, which help keep a house warm in the winter and cool in the summer, qualify if they meet 2009 International Energy Conservation Code requirements. The credit value is 10 percent of insulation material cost.
 
* Exterior windows and skylights, if Energy Star-rated, can reduce homeowner energy bills seven to 15 percent. A 10 percent credit can be earned when homeowners select Energy Star-qualified windows.
 
* A Tankless Water Heater can save homeowners up to 40 percent on their monthly energy bills. Qualifying tankless water heaters, such as those manufactured by Rinnai, have an Energy Factor (EF) of at least .82. A $300 credit is available to homeowners opting for a more efficient way to heat water.
 
"Homeowners don't always have to sacrifice luxury, aesthetics and comfort when upgrading to energy-efficient products. This is especially the case with tankless water heaters," added Hoffman. "Tankless technology affords homeowners the ability to enjoy endless hot water, while saving energy. The product's long lifespan -- nearly two decades -- gives homeowners peace of mind knowing they've selected an energy-efficient product that will pay them back month after month for years to come."
 
What documentation is needed to earn the tax credit? Homeowners need to file IRS Form 5695 with their taxes. They also need to keep receipts proving when the equipment was purchased and a copy of the manufacturer's certification. Accountants and tax advisors can provide additional guidance. For more info on receiving the tax credit for a tankless water heater, visit www.rinnai.us/tankless-tax-credit.

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