Your heating and air condition system, also known as HVAC, keeps you warm in the winter and cool in the summer. This system is another good item to save on your power bills and to claim the Federal tax credit for energy efficiency on your taxes.

You have till 2016 to take advantage of part two of the Federal tax credit for energy efficiency. This part of the tax credit is for existing and new homes and there is no cap. For each of these qualifying products you install at your house by 2016, you can claim 30% of the costs.

The Federal tax credit for energy efficiency allows you to take the tax credit if you replace your old water heater with a qualifying one. It also covers biomass stoves as well.

It is so important to have a good roof over your head. Regardless if it is a metal or asphalt roof if you replace it in 2009 or 2010 with qualifying products, you can claim 30% of the costs as part of the $1,500 cap of the Federal tax credit for energy efficiency.

Most of the heat lost or gained in the average house is through the windows and doors. By replacing current windows and doors with more efficient ones, you can reduce your power bill by 7-24%. With the Federal tax credit for energy efficiency, if you replace them with one that qualifies then you can also save on your taxes.

We all know that a house that is properly insulated is more comfortable to live in and can save money on the power bill. Now you can save not only on your power bills, but on your taxes by improving the insulation in your home with the Federal tax credit for energy efficiency.

Homeowners of existing homes have the chance to capitalize on a Federal tax credit for improving the energy efficiency of their homes during 2009 and 2010. This tax credit for qualifying energy efficient products is on top of the long-term savings homeowners will see in their power bills.

Homeowners can benefit from Federal tax credits for energy efficiency improvements to their homes in the next few years. There are two types of energy efficiency tax credits that homeowners can take advantage of, both on their taxes and on their energy bills.

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