Residential Energy Credits

[Bees Knees]

Public Law 109-432 is better known as the ‘‘Tax Relief and Health Care Act of 2006’’.

TTB updates page has a link to the actual text of the law.

http://www.thetaxbook.com/updates/12-20-06_New_Law/1092nd_hr6111.pdf

[Bees Knees]

The Tax Book states that the Residential Energy Credits are good through 2008, however, I cannot find elsewhere that this is the case. Can someone confirm or deny that this is true?

Thanks in advance!

Public Law 109-432

SEC. 206. CREDIT FOR RESIDENTIAL ENERGY EFFICIENT PROPERTY.
(a) EXTENSION.—Subsection (g) of section 25D is amended by
striking ‘‘December 31, 2007’’ and inserting ‘‘December 31, 2008’’.

[Roland Slugg]

Mixed bag

The credit for energy efficiency, such as insulation and more energy-efficient doors and windows, expired in 2007. This was the most common type. The credit for solar water, solar energy generation, and fuel cells goes one more year ... through 2008. Both types of credit are figured on F-5695.

[Jesse]

Nonbusiness energy property (windows, doors, insulation, furnace, A/C) credit expires 12/31/07.

Residential energy efficient property - (geothermal, solar) I think expires 12/31/08

Water heaters with a tank were never allowed.

[veritas]

Why?

Don't you trust the authors'?

[TSGI]

The Tax Book states that the Residential Energy Credits are good through 2008, however, I cannot find elsewhere that this is the case. Can someone confirm or deny that this is true?

Thanks in advance!