In recent years, the US government has instituted several tax credits to incentivize people and businesses to improve their energy efficiency. One of these is the energy-efficient home improvement credit in Orlando, FL. This credit rewards homeowners for making repairs to their homes that reduce energy consumption. Here is why submitting paperwork for this tax credit is worth it.
The Credit Is a Decent Amount of Money
According to the IRS website, homeowners eligible for an energy-efficient home improvement credit in Orlando, FL, can expect a decent amount of money. You can claim up to $1,200 for most home improvements, and up to $2,000 for certain improvements such as qualified heat pumps and biomass fuel infrastructure.
Since there is no lifetime limit, you can space out repairs to your home each year to claim the tax credit.
Your Energy Bills Will Be Lower
Besides getting tax credit, you will also save money on your energy bills by making these energy-efficient home improvements. It is a win-win situation.
The Paperwork Is Not That Complicated with Professional Help
One of the primary reasons people don’t apply for tax credits that they are eligible for, including the energy efficient home improvement credit, is that they are scared of the paperwork. However, a tax accountant can file the paperwork for you and make sure you have all the documentation necessary for receiving this credit. Just make sure that you keep your receipts and other documentation, such as energy audit reports.
