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- Wednesday, February 15, 2012
Energy efficient housing tax credits and grants
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To promote green jobs and energy independence, ARRA invests significantly in efforts to make homes and buildings more energy efficient.
The bill provides state and local governments with $6 billion in energy efficiency and conservation grants for energy audits, retrofits and financial incentives.
Through 2010, homeowners will be able to claim a 30% tax credit (up from 10%) for purchases of new furnaces, windows and insulation.
Another $5 billion will be available to modernize the nation’s electricity grid and install smart meters on homes that help to save consumers money.
There is also $5 billion for weatherization assistance for low income households and $2 billion for federally assisted housing (section 8) efficiency efforts.
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