Hi there,
If you're not interested in moving, chances are you're making improvements to your existing home. Something I am thinking a lot about is global warming and what can I do to reduce pollution and use of our limited resources. So, "green" practices and products will help leave a cleaner environment for the next generation.
Homeowners who remodel existing homes to improve energy efficiency and homebuyers who purchase environmentally friendly new homes may be eligible for a state tax rebate or deduction for their green building efforts. Many states offer tax incentives to those who use green building or remodeling techniques in their homes. The Database of State Incentives for Renewable Energy http://www.dsireusa.org/index.cfm?EE=1&RE=1 (DSIRE) lists all the states’ different tax incentives, which vary depending on the type of project. The Federal government also offers homeowner incentives for going green. For example, the Residential Solar and Fuel Cell Tax Credit http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=US37F&State=Federal¤tpageid=1 established a 30 percent tax credit up to $2,000 for the purchase and installation of residential solar electric and solar water heating products. The credit will expire at the end of 2008.
I hope this helps. Have a great day!
Sunday, February 24, 2008
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