| Generally, add adition and remodels present unique challenges that demand the expertise of highly experienced construction professionals to overcome. Besides providing a home with more living space, home additions can be a terrific investment. However, before embarking on building a home addition, or other large home remodeling projects, there are a number of important items that should be considered first. These items include: neighboring home market values, home addition costs, architectural plans, financing, timetable for completion, and your personal disruption threshold and sweat equity commitment level If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government. Fuel-efficient vehicles and energy-efficient appliances and products provide many benefits such as better gas mileage –meaning lower gasoline costs, fewer emissions, lower energy bills, increased indoor comfort, and reduced air pollution. In addition to federal tax incentives, some consumers will also be eligible for utility or state rebates, as well as state tax incentives for energy-efficient homes, vehicles and equipment. Each state’s energy office web site may have more information on specific state tax information. |