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Michael Johnson, REALTOR, ABR - Goose Creek SC

Energy Star Residental Tax Credits

ENERGY STAR is a joint program of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy that promotes energy-efficient products and practices.

On October 3, 2008, President Bush signed into law the "Emergency Economic Stabilization Act of 2008." The bill extended tax credits for energy efficient home improvements to include windows, doors, roofs, insulation, HVAC, and non-solar water heaters). The residential tax credit is available for the aforementioned improvements made and placed in service in 2009 & 2010.

According to the government website, tax credits are available at 30% of the cost up to $1500 for existing homes only (new construction does not qualify). The website goes on to explain the rules:

Tax credits are now available for home improvements:

  • must be "placed in service" from January 1, 2009 through December 31, 2010
  • must be for taxpayer's principal residence, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, and small wind energy systems (where second homes qualify)
  • $1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016
  • must have a Manufacturer Certification Statement to qualify
  • for record keeping, save your receipts and the Manufacturer Certification Statement
  • improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010
  • If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters. More.

Recent Blogs

Tanner Plantation

Real Estate in Charleston SC

Charleston SC - A City of Firsts

5 Things to Consider When Buying New Construction

Tanner Plantation

Tanner Plantation is a newer subdivision located in Hanahan SC, just north of the Goose Creek reservoir. 

Tanner Plantation includes the subsections of Tanner Hall, Mossy Creek, The Gardens, Amberglen, Sweetgrass, Ibis Glade. Eagle Bluff, The Commons, South Cove, and Edgewood Trace.


View Tanner Plantation in a larger map

The following is a numerical breakdown of homes sold and currently on the market per subsection with additional information on each:

Tanner Hall - Tanner Hall is the priciest of the homes and all the homes are custom built.  Three homes have sold thus far this year and seven are currently on the market with prices ranging from 486K to nearly 1.5 million dollars.

 

 

Mossy Creek - This subsection currently only has two homes built in it, one of which is for sale.  The lots are being sold separately with the expectatation of a custom built home being place on the lot. 

 

 

 

 

The Gardens - The Gardens has sold 4 homes this year thus far.  Current home prices range from 167K to 210K.  Most of the homes for sale are new construction built by KB Homes.

 

 

 

 

 

Amberglen - Amberglen has sold only one home this year and currently has three on the market with prices ranging from 229K to 255K.

 

 

 

 

 

 

Sweetgrass - Sweetgrass sold 10 thus far in 2009.  There are currently six homes on the market with prices ranging from 170K-229K.

 

 

 

 

Ibis Glade - Ibis Glade has been selling like hotcakes this year and is probably one of the most popular neighborhoods in the subdivision.  To date this year, 21 homes have been sold and seven are currently on the market with prices ranging from 167K - 268K.  There are both brand new homes still being built by Beazer Homes as well as resale homes.

 

 

 

 

Eagle Bluff - Eagle Bluff is a small subsection and has sold two homes this year.  There are currently two on the market ranging from  240K - 253K.

 

 

 

 

 

 

 

Edgewood Trace - Edgewood Trace sits on the edge of Tanner Plantation and has sold six homes this year.  There are three on the market ranging from 224K - 259K.

 

 

 

 

 

South Cove - South Cove is the newest of the neighborhoods and pershaps also its most unique.  Old style Charleston homes are built in this neighborhood.  Nine have been sold this year.  Seven homes are currently on the market with prices ranging from 154K-199K.

 

 

 

 

The Commons - a duplex style neighborhood that offers the convenience of a home as well as that of not having to worry about yard maintenance.  An additional regime fee is required.  Three homes have been sold this year and two are currently on the market at 130K each.

Quotes of the Day - Home

"It takes a hundred men to make an encampment, but one woman to make a home." - Robert G. Ingersoll

"Almost any man worthy of his salt would fight to defend his home, but no one ever heard of a man going to war for his boarding house." - Mark Twain

"Home, in one form or another, is the great object of life." - Josiah Gilbert Holland

Coastal Carolina Fair 2009

I can feel it in the air. It is that time of year again. The leaves are changing colors and falling from the trees. Football is being played throughout the country. And, "fair time" is just around the corner. Most everyone loves the fair, although I do have a few friends that say they are scared of "Carnies." And no matter the size of your local fair there is usually plenty to see and experience. I grew up in a small town in southwest Louisiana and our parish fair seemed pretty big to me when I was younger, but the annual Coastal Carolina Fair in the suburbs of Charleston, SC dwarfs anything I experienced as a child.

The Coastal Carolina fair is like a traveling amusement park. There is a ton of food, rides, games exhibits, and even concerts to experience. Here is a link to the schedule and events of the 2009 Coastal Carolina Fair.

Recent Blogs

Tanner Plantation

Crowfield Plantation Real Estate, Goose Creek SC

Real Estate in Charleston SC

Charleston SC - A City of Firsts

5 Things to Consider When Buying New Construction

Hanahan South Carolina Real Estate

Hanahan SC Real Estate

Hanahan is a suburb town of Charleston South Carolina. It is primarily a residential town in which the residents primarily work in neighboring cities. The town limits are defined primarily by the Goose Creek Reservoir, which the town surrounds. In terms of real estate the city can be divided into old Hanahan (with homes 20 years and older) and new Hanahan. Old Hanahan is located on or near Yeamans Hall Rd and Murray Rd as well as other popular neighborhoods such as Otranto. New Hanahan is primarily that of Tanner Plantation, located on the north east side of the Goose Creek Reservoir on Foster Creek Rd.

Determining where you want to live in Hanahan depends on what you are looking for. Old Hanahan offers older homes (many are brick) on larger lots. New Hanahan offers newer and often larger homes, but the lots tend to be a bit smaller.

Hanahan Real Estate Stats - Real Estate in Hanahan mirrors that of the rest of the Charleston metro. Inventory is high and although homes are selling, they are selling at a lower price than that of the real estate peak of 05 and 06. The graph below details the sales stats of this year.


Other Related Blogs

Hanahan High Football 2009

Charleston AFB and Navy Weapons Station: Homeowners Assistance Program

Restaurants in Charleston and Surrounding Area - My Top Ten

Tanner Plantation

Crowfield Plantation Real Estate, Goose Creek SC

Real Estate in Charleston SC

Charleston SC - A City of Firsts

5 Things to Consider When Buying New Construction