WE DTE has some pretty interesting news for you if you participated in DTE Energy’s Energy Efficiency Rebate Program in 2012. It turns out that you may be eligible for a tax credit. Legislation was enacted on Jan. 2, 2013, to provide a tax credit for homeowners (principal residence) who installed energy efficiency improvements to the building envelope of their homes and for the purchase of high efficiency heating, cooling and water heating equipment.

Here’s the important news if you took action last year. The legislation was made retroactive with an effective date of Jan. 1, 2012 through Dec. 31, 2013.  Some of the tax incentives include, but are not limited to:

  • Building Envelope Improvements and High Efficiency Heating
  • Cooling and Water Heating Equipment upgrades.

The maximum energy tax credit for all improvements made is $500. Be aware though that there is a lifetime cap which would include any improvements made prior to 2012. Unfortunately, if you claimed $500 or more for tax credits in any year prior to 2012 you are ineligible for any additional tax credit. So, do you think you may have a tax credit coming your way? For full details, familiarize yourself with the American Taxpayer Relief Act of 2012 and work with your tax professional to see if you are eligible.

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