Tag: tax

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

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

Building improvement: Impact of penny tax, bond referendum visible in new Aiken County school facilities | Education

- by Sergio Torian

Schools all over Aiken County are getting multi-million-dollar makeovers thanks to the penny sales tax and bond referendum that were approved by voters in the past.

The funding for the construction updates comes from the Education Capital Improvements Sales and Use Tax that Aiken County residents voted to approve in November 2014, expected to raise $188 million, and a $90 million bond referendum that was approved in May 2018. 

While many projects have been completed, current projects under construction include Millbrook Elementary School, Belvedere Elementary School, Hammond Hill Elementary School, Aiken Scholars Academy, North Augusta High School and Aiken High School.

“This is an extremely aggressive construction list. Typically, you’re not going to have a school district, especially one of this size, undergoing this many projects at one time,” said Dr. Corey Murphy, the school district’s chief officer of operations and student services.



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Dr. Corey Murphy, the chief officer of operations and student services, explains construction updates in a recent Aiken County school board meeting. (Shakailah Heard/Staff)




“Because projects are interrelated, if you have so many on a bond referendum, everything has to come in on budget in order for the next project to go properly. If not you’re going to go over budget, so one thing can throw two or three other projects off.”

The pricing of the current construction projects ranges between $1.5 million and $18 million, Murphy said. Due to the rise in raw materials used to build schools and do renovations,

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