Although the Energy Tax Act allocates considerably more dollars to efficient energy production, the homeowner energy conservation credits, along with the alternative motor vehicle credits (examined in our last column, Sept. 5-25, 2005, page 10), have made most of the headlines.While long-term predictions vary on whether the $500 lifetime (i.e., 2006 and 2007) residential energy property credit, the $2,000 credits for solar electricity and hot water, and the fuel-cell credit will be used by most homeowners or only a few, interest in them is high. In the age of Home Depot and ongoing relationships with home contractors, however, there is no doubt that, in time, enough situations will arise to test every issue and explore every fine point.
This column previews some of those situations.
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