STATEN ISLAND, N.Y. — The Staten Island Board of Realtors (SIBOR) would like to remind you that the government has extended the energy tax credit for existing homes, you may be able to claim the $500 energy tax credit by filing IRS Form 5695 with your return. The deadline to take advantage of this incentive is quickly approaching.
House Logic has provided the following tax credit limits and deadlines:
- 10% of expenditures, up to a lifetime $500, for all energy improvements combined.
- A relevant roof must have been installed by Dec. 31, 2013.
- Save receipts and labels.
- For roofs, installation isn’t covered.
See Energy Star for guidelines on what exactly is covered. It’s your safest bet for information on how to get the credit.
Be warned that not all roofs, not even all roofs with the Energy Star seal, will qualify. Only specially manufactured roofs, as listed on the Energy Star site, are eligible.
Don’t rely solely on contractors who may not know the details or who promise their products will get the credit in order to make a sale.
About The Staten Island Board of REALTORS® (SIBOR)
The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island, N.Y.
SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.
Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.
SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.
All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).
SIBOR may be reached at 718-979-0007 and viewed online at http://siborrealtors.com. SIBOR may also be visited on Facebook at “Staten Island Board of Realtors,” on Twitter via @SIBOR, and on YouTube at the Staten Island Board of Realtors and RelevantPR channels.
Media Contact: Barton Horowitz