The New Tax Bill

Tim McElwain

<ul><li><a href="http://r.smartbrief.com/resp/AngkdojnmkdmmAegfDadccfCGnSv?format=standard">Tax bill reduces cash for propane heating systems</a>

The tax bill signed into law this month by President Barack Obama reduced the amount of money available for a range of home energy-efficiency measures, including propane appliances. Propane furnaces and water heaters had been eligible for a 30% credit; under the new law, claims are capped at $150 for furnaces and $300 for water heaters. "We're sorely disappointed that Congress did not see fit to make the incentives more generous," said Kateri Callahan, president of the Alliance to Save Energy. <a href="http://r.smartbrief.com/resp/AngkdojnmkdmmAegfDadccfCGnSv?format=standard">[u][color=#0000ff]Los Angeles Times/Washington Post Writers Group[/color][/u]</a><span style="color:#666666"> (12/26) </span><img src="http://cdn.smartbrief.com/images/briefs2/common/sm_share.gif" width="34" height="14" alt="Right-click here to download pictures. To help protect your privacy, Outlook prevented automatic download of this picture from the Internet." /><img src="http://cdn.smartbrief.com/images/shim.gif" width="4" height="4" alt="Right-click here to download pictures. To help protect your privacy, Outlook prevented automatic download of this picture from the Internet." /><a href="http://r.smartbrief.com/resp/AngkdojnmkdmmAksfDadccfCnbGW"><img src="http://cdn.smartbrief.com/images/briefs2/common/linkedin.gif" width="14" height="14" alt="Right-click here to download pictures. To help protect your privacy, Outlook prevented automatic download of this picture from the Internet.

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Ironman

A SIMPLE CHART?

Tim,



Do you know of a simple chart that lists the new tax credits? I went to the gov's energy star site, but could only find the expiring one.



Does $300.00 for water heaters mean DHW, a boiler, or both?

Tim McElwain

No I think the bill that

determined these figures was just signed. So there will not be any exact coverage information available. I do know that the homeowner tax credit has been drastically cut from what it was.