As customers prepare their 2013 tax returns, KCP&L wants to remind those who purchased energy-efficient appliances or completed home upgrades to verify their eligibility for federal tax credits.
As part of the American Taxpayer Relief Act, Congress reinstated tax credits for individuals who installed certain energy-efficient measures in their homes between 2011 and 2013.
If a customer completed any of the following home improvements after Jan. 1, 2011, the improvements may qualify for a federal tax credit, applicable for 2013 tax filings. A family could receive a tax credit up to 10 percent of the purchase price or $500 total, for all energy-efficient improvements during that time period.
Windows and doors - including energy-efficient skylights, storm windows, exterior windows, storm doors and exterior doors
Roofing and insulation - including seals to limit air infiltration, such as caulk, weather stripping and foam sealants
Heating and cooling systems - including energy-efficient central A/C units and oil and gas furnaces
Water heaters - including energy-efficient gas, oil or propane water heaters and electric heat pump water heaters
In addition to making one or more of these home improvements, customers must meet other requirements in order to qualify for the federal tax credits. Customers should consult their tax professionals if they have questions about documentation needs, eligibility and their specific tax returns.