The 2010 Tax Relief Act extended the credit for one year through 2011. The credit is for individuals who make certain energy-saving improvements to their homes. The credit has been reduced to 10% from 30%; and the dollar limitations on redidential energy property expenditues are reduced as follows: 2011 thrjough
$50 for each advanced main air circulating fan;
$150 for each qualified natural gas, propane, or oil furnance or hot water boiler;
$300 for each item of qualified energy efficient property; and
$200 for windows
RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT
A 30% energy credit is available for the installation of qualified solar-water heating property, qualified solar electric property, geothermal heat pumps, and samll wind energy property.
Apodaca CPA is an accounting firm based in Monrovia, Los Angeles County, California. We offer tax services, tax consulting and tax preparation services, bookkeeping services, business auditing, business financial services, corporate tax return services, Income tax services, inventory analysis services, non-profit accounting services, payroll processing services, financial services including pension plan management services, projection and forecasts services, cash budgeting and cash management services, education credits, energy credits and vehicle tax credits information and management.
Apodaca CPA provides accounting services, payroll services, personal and business consulting, tax solutions to individual entrepreneurs and small to medium size businesses in the cities of Monrovia, Arcadia, Pasadena, Altadena, Sierra Madre, San Gabriel, Duarte, Industry, South Pasadena, San Marino, Azusa, Covina, West Covina, Irwindale, Glendora, San Dimas, La Verne, Claremont, Burbank, Glendale and Los Angeles.