Tag: inflation

The Inflation Reduction Act: Tax Credits On Energy Efficient Windows & Exterior Doors
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The Inflation Reduction Act: Tax Credits On Energy Efficient Windows & Exterior Doors

- by Sergio Torian
inflation reduction act tax credits

The recently passed Inflation Reduction Act rewards households that take steps to improve home weatherization and the energy efficiency of their homes with the ability to reap more generous financial benefits through tax credits and rebates as well as through the additional long-term benefit of lowering electricity and heating bills. The act itself is a lengthy read so we took it upon ourselves here at Comfort to have reviewed it for you. We have condensed the information into the most important details relating to the tax credits available to homeowners in Upstate New York, focusing on making energy-efficient upgrades to their homes starting in 2023.

What Is The Energy Efficient Home Improvement Credit?

Formerly the Nonbusiness Energy Property Credit, the Energy Efficient Home Improvement Credit is part of the Inflation Reduction Act and covers a wide range of energy-efficiency home improvements. The information provided below focuses on how homeowners can benefit by using this tax credit towards upgrading to new energy-efficient windows and exterior doors. According to the Whitehouse.gov and the ENERGY STAR® website, the available tax credit is equal to 30% of what is spent on “Qualified Energy Efficiency Improvements”.  Below are the annual caps that apply for each:

  • Installed Energy Efficient Windows: Tax credit of $600 per taxpayer per year. 
  • Installed New Exterior Doors: Tax credit of $250 per door for up to 2 doors, for a total tax credit of $500 per taxpayer per year.

Here Are The Qualifications:

  • The available tax credit is equal to
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Under Construction

Increasing development prices, inflation hold off upgrades at Norridgewock’s airport

- by Sergio Torian

Airport operations supervisor Roland Ray walks throughout a cracked taxiway in the vicinity of hangars at the Central Maine Regional Airport in Norridgewock on Wednesday. Wealthy Abrahamson/Morning Sentinel

NORRIDGEWOCK — Although updates to the pavement on the runways at Central Maine Regional Airport are on the way in excess of the future calendar year, other development assignments there are going through delays thanks to rising prices and inflation.

Users of the Find Board a short while ago were being provided an update on the ongoing undertaking to deal with the cracked pavement across the airfield as well as other tasks that are on hold.

Town Supervisor Richard LaBelle not too long ago fulfilled with officials from the Federal Aviation Administration and the Maine Section of Transportation about the capital tasks. Individuals meetings, LaBelle claimed, are held periodically to established goals and system the timing and funding of projects.

“A major priority for the airport in the future 12 months will be to entire crack-sealing and pavement markings across the overall airfield,” LaBelle said.

Airport operations manager Roland Ray walks close to cracks that he says will want to be filled and sealed alongside the tie-down region for airplanes at the Central Maine Regional Airport in Norridgewock on Wednesday.  Rich Abrahamson/Early morning Sentinel

At the assembly, the group looked at all ongoing projects at the airport, which include taxi-lane reconstruction on the north side, which has been delayed by a calendar year thanks to funding. The preliminary expense estimate is $740,000.

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