(NewsUSA) - The "fiscal cliff" was averted, but what does this mean to homeowners? The answer: a lot. The bill, signed into affect on Jan. 2, restricts tax rates from increasing and, among other things, reinstates and extends tax credits for qualifying energy-efficient home upgrades between Jan. 1, 2012 through Dec. 31, 2013. Homeowners can earn up to $500 in tax credits with the purchase and installation of qualifying products.
"Now is an ideal time to check off some of those home improvement 'to do' items," said Trey Hoffman, global product manager at Rinnai. "In addition to the tax break, homeowners reap the benefits of these energy-efficient upgrades for years, as these products can help reduce monthly utility bills."
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