Tax Credits are Great Incentives to Go Green Now!
There’s never been a better time to “go green.” Federal tax credits for energy efficiency (available through 2009 and 2010) are amazing incentives to build energy efficient homes and upgrade existing homes.
Through 2010 existing home owners can save 30 percent of the cost of upgrades, up to $1,500, according to the US Environmental Protection Agency and US Department of Energy’s Energy Star program.
Qualifying tax credits are available for:
- Windows and doors
- Metal and asphalt roofs
- Non-solar water heaters
- Biomass stoves
There’s more great news on energy-saving tax credits. Many existing homes and new construction projects are eligible for tax credits at 30 percent of the cost with NO upper limit through 2016.
Get credit for:
- Geothermal heat pumps
- Solar panels
- Solar water heaters
- Small wind energy systems
- Fuel cells
Tax Credits Mean Great Returns (on your taxes and your investment)
A tax credit is not the same as a tax deduction. A tax deduction reduces the amount of taxes you owe. A tax credit actually reduces your taxes dollar-for-dollar.
Some states and communities are also chipping in to save energy by offering additional tax incentives for energy-efficient homes. Check out your stat’s energy office website or call to find out more about area incentives!
Win, Win Savings
There’s really no way to lose with energy-saving incentives.
You can save at least 30 percent on upgrades to your new or existing home.
- You will save on utility bills every month
- Your home will be more efficient and therefore more comfortable
- You do your part to protect the environment
- Research and access local and state funds for even more savings!
To find out if your project qualifies for the energy-saving tax credit, visit the Energy Star website at http://www.energystar.com.
Need help finding out about area incentives? Contact us today and be sure to ask about our most energy-efficient listings!