Knutson Bros II, LLC

What can I do to my house that qualifies for the Federal stimulus package tax credit of $1500?

There are very strict criteria and deadlines for remodeling related energy improvements and equipment, but actual rules are still a little fuzzy, so I would strongly advise you to talk to your tax accountant at tax time.

For houses it breaks down into 3 main areas: the building envelope, HVAC systems and renewable energy. For building envelope items, the credit available is 30% of the material only with a $1500 maximum for all improvements combined and it must be placed in service between January 1, 2009 and December 31, 2010.

HVAC systems have a credit available of 30% of the material and labor cost with a $1500 maximum for all improvements combined and it must be placed in service between January 1, 2009 and December 31, 2010.

Renewable energy items have an available credit of 30% of the total cost including labor with no maximum and it must be placed in service between January 1, 2009 and December 31, 2016. (September 2009)