Limits
A tax credit of up to $1,500 is available to individuals for nonbusiness energy property, such as residential exterior doors and windows, insulation, heat pumps, furnaces, central air conditioners, and water heaters.
a. The credit is 30% of qualified costs. b. There is a lifetime credit of $1,500. c. The improvements must be installed in the taxpayer's principal residence in the United States.
Read more about this topic: Nonbusiness Energy Property Tax Credit
Famous quotes containing the word limits:
“It is of the essence of imaginative culture that it transcends the limits both of the naturally possible and of the morally acceptable.”
—Northrop Frye (b. 1912)
“I shall have the veil withdrawn and be allowed to gaze unblinded on the narrow limits of my own possibilities.”
—Beatrice Potter Webb (1858–1943)
“An art whose limits depend on a moving image, mass audience, and industrial production is bound to differ from an art whose limits depend on language, a limited audience, and individual creation. In short, the filmed novel, in spite of certain resemblances, will inevitably become a different artistic entity from the novel on which it is based.”
—George Bluestone, U.S. educator, critic. “The Limits of the Novel and the Limits of the Film,” Novels Into Film, Johns Hopkins Press (1957)