Tax credits on energy improvements
This is really bad of me to ask because I am a seasonal tax preparer-but I have never had anyone use the credits. I will be making improvements in 2007. So for the 2007 return we plan on getting a new energy star front door and a tankless water heater. The way I have read it, I would get 10% of the cost of the door and 300.00 off the water heater. The credit is a total of 300 off of improvements like windows, insulations and doors but the credit for the water heater. solar panels and hybrid cars (hopefully 2008) is figured separately. Is that correct?