Published by the Dow Jones & Company, MarketWatch helps more than 16 million visitors every month navigate the financial horizon and recently gave a heads up to HomeSelfe for their app that aids homeowners with energy efficiency. They specifically recommended using the application to shine a light on how some home improvement methods can help taxpayers to get a rebate from Uncle Sam.
Energy & Tax Advice
MarketWatch spoke to Ameeta Jain, co-founder of the free HomeSelfe energy audit app who reminded homeowners, ““If you upgraded your home in 2015 by adding insulation, one of the most cost-effective upgrades you can make, you may be eligible for a tax credit on that investment.” These same types of credits will be available next year (through December of 2016) and Jain went on to say, “Not taking advantage of that is throwing away your hard-earned cash.”
MarketWatch was specifically pointing to items that would be reported by using the HomeSelfe app to perform an energy audit on your home, but it’s up to the homeowner to report the installation of these products on their tax return. Improvements like the installation of storm doors, more energy-efficient windows, additional insulation, asphalt or metal roofing, replacing heating and air conditioning systems could gain you up to $500 in tax credits.
An Energy Audit
Beyond tax breaks, by installing the free HomeSelfe app can help you save money today on your utility bills tomorrow and beyond. It only takes about five minutes to download the application and after answering a few simple questions about your home, this no-cost energy audit will offer some suggestions on how you can be saving energy and money on your utility bills.
To see all the recommendations for tax breaks available to homeowners, visit the MarketWatch webpage here. See how making some minor repairs or major replacements can put you in the black on your tax return.