Re: Tax Credit Eligibility
Sounds about right. Anybody with a mortgage, average middle class income, and more than a kid or two just isn't going to get the maximum credit if any. This whole thing has us soured on the financial aspects of other alternative energy changes for our home as well. Basically, anything we do is going to cost us full price as far as federal taxes are concerned. It doesn't reduce our taxes, but it also doesn't increase our credits either. The only saving grace is that there is still a modest state tax credit eligibility, but it's not really enough to justify upgrading anything.
It's pretty sad that the people who would stand to benefit the most from cost saving alternative energy solutions are the people who stand to benefit from it the least in the tax code. It's a financial 'why bother?'
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