Thinking of making an improvement to your house before the end of the year? Maybe  an air conditioner? Roof? Water heater or some new doors?  You may want to have the improvement completed by the end of 2011, so that you can claim the tax deductions that will soon be expiring. West Coast Escrow shared the following information on credits allowed.
Central Air Conditioning. Cap: $300. Labor allowed: Yes.
Electric Heat Pump. Cap: $300. Labor allowed: Yes.
Advanced Main Circulating Fan. Cap: $50. Labor allowed: No, but the credit is 30%.
Roofing. Cap: $500. Labor allowed: No.
Gas, Oil, or Propane Water Heater. Cap: $300. Labor allowed: Yes.
Electric Heat Pump Water Heater. Cap: $300. Labor allowed: Yes.
Windows. Cap: $200. Labor allowed: No.
Doors. Cap: $500. Labor allowed: No.
Insulation. Cap: $500. Labor allowed: No.
The US Department of Energy has guidelines posted on their site.
The Database of State Incentives for Renewables and Efficiency also has information specific to California.
Anne Loveland is a resident of Hancock Park, an avid tennis player and a Nutella nutcase. Loveland specializes in residential real estate in Hancock Park, Windsor Square, Larchmont Village and beyond, if necessary. Check back to learn why she chooses to make this community her home. You can contact Anne at HancockParkLiving.com or [email protected].  DRE#01467820
