President Bush recently signed into law new consumer tax credits for energy efficiency home improvements, as well as purchases of plug-in hybrid vehicles. These provisions were included in H.R. 1424, the Emergency Economic Stabilization Act of 2008, which the president signed on October 3, 2008. The homeowner tax credits are largely the same – but not identical – to those that expired at the end of 2007, and begin again on January 1, 2009.
For details on the consumer tax credits, check out the Alliance of Energy’s recently updated Energy-Efficiency Home and Vehicle Tax Credits web page.
Source: Alliance to Save Energy, Ronnie Kweller
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