Clarification on Extension of Energy Tax Provisions
An article in the Oct. 6 issue of NBN detailing the extension of housing-related energy tax incentives incorrectly stated that the Section 25C credit for existing homes was retroactively extended for installations in 2008. In fact, H.R. 1424 only extended the existing homes tax credit for 2009 installations of certain energy-efficient home improvements. The credit expired at the end of 2007, and no retroactive extension for 2008 was provided.
For a related story in this issue of NBN on how residential remodelers can use the tax credit for existing homes, click here.