Thereâs no better time to give your home a makeover than the start of a new year. If you donât have the money to remodel, here are a few things you can do that will completely change the look of your home without spending too much. Buzz60âs Johana Restrepo has more.
A big cost of owning a house is what you spend on energy, but Uncle Sam offers tax breaks for energy-efficient home upgrades that can also lower utility bills.
For existing primary residences, putting in energy-efficient windows, doors, furnaces, air conditioners, insulation, water heaters, roofs and other items qualifies you to take a tax credit of either 10% of the cost or specific amounts ranging from $50 to $300, depending on the improvement. The credit is currently set to expire at the end of 2021, and a lifetime cap of $500 applies to the total value of credits you can get in all tax years after 2005.
How to lower your utility bills
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How to lower your utility bills
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