Midwest Real Estate Data

2443 Warrenville Road, Suite 600
Lisle, IL 60532

Housing Trends

December 2018

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View statistics on population, education, housing, transporation, income, employment, net worth, cost of living and climate.

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How big is an acre? What is an option?
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Take a look at our real estate glossary to learn definitions of common words and phrases used in the industry.

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Maximize Tax Credits for Energy and Medical Home Improvements

Yowza – $20,000 for installing solar panels and the corresponding power system? Well, there’s a 30 percent federal tax credit for 2012 that will take the sting out of that bill.

IRS credits via form 5695 and various state credits for energy-related home improvements are only two ways to cut your bottom-line costs. There are rebates from utilities, as well as cities, counties and more to find on Energy.gov.

In addition, home improvements for disabled family members may result in medical tax deductions. Installing ramps, railings and more – along with written documentation from a physician – can lower your tax bill.

For a whole host of great ideas
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Source: Equifax