Consumer Watch: Federal Tax Credit

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by WHAS11

WHAS11.com

Posted on December 26, 2013 at 5:52 PM

LOUISVILLE, Ky. (WHAS11) -- Before you focus on new year resolutions, consider one more task for 2013. Making your home more energy efficient in the next 13 days can earn you a federal tax credit.

"I have my infrared camera here and what we do is we go through the house and we look at everything: Floors, doors, windows, ceilings and everything we can think of and we're trying to find issues within the house," Art Tompkins, an energy auditor said.

Tompkins offers independent energy assessments of homes. The energy audits will tell how much energy your home uses, wastes and how you can improve.

It should be an independent analysis from someone who's not selling a service.

Insulation, heating and cooling equipment, roofing, and windows all apply for the federal tax credit.

Make sure you're replacing an old enough item that you'll get a good rate of investment.

Most auditors take infrared and digital pictures and will take three to four hours to complete the job as a cost ranging from $250-$800.

Your tax credit could be worth as much as $500.

You need to fill out IRS Form 5695 and provide a copy of your manufacturer's statement along with a receipt.

If you have a consumer tip for Andy send him an email to consumerwatch@whas11.com.




 

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