Federal Tax Credit question?

Darrin Hixenbaugh: A tax credit (i.e. home energy credit) offsets your federal taxes dollar for dollar.A tax deduction gives you a taxes deduction (i.e. itemized deductions) based on your tax rate.So... a tax credit is more valuable than a tax deduction and should be taken, if you qualify!

Jannette Kotz: For residential energy efficient property the credit is 30% of your costs of qualified property. Qualified properties include solar electric, solar water heating, fuel cell, small wind energy, and geothermal heat pump.Homeowner's energy credit is available for 2009 and 2010. The credit is thirty percent with a maximum of $1,500 for windows, doors, furnaces, water boilers, skylights, pellet stoves and insulation. Any credits received in previous years, do not effect this maximum credit amount....Show more