Many home sellers prepare their home for listing with cosmetic changes such as paint and reflooring, but “green” thinking can give an additional boost to value and grab a federal subsidy.

Homeowners who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in their home can receive a tax credit of up to $500 from the IRS.

In addition, 30% of the purchase cost for qualified solar cells and for solar water heating (used exclusively for purposes other than heating swimming pools and hot tubs) can be refunded, too — up to $2,000 per household .

There are more energy-saving credits available, too.

The U.S. Department of Energy lists all of the credits available to homeowners and those credits come right off of your tax bill come April 15.

A home on the market that features energy-saving upgrades carries a unique appeal to buyers and proves that not all home improvements are not equal — especially in the eyes of the IRS.

This entry was posted on Wednesday, May 30th, 2007 at 1:49 pm and is filed under Cincinnati Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.