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RssJosh Peterson ( Planet Green)
Here are ten ways to claim federal tax credits and incentives by doing eco friendly stuff:
- Buying a hybrid, a car that runs on alternative power, or a lean-burn diesel vehicle can net you a tax break of $250-$3,400. This refund is dependent on the amount of gas saved by the engine and the overall weight of the vehicle. If you buy two hybrids, you get two tax breaks.
- People who buy and install energy-efficient windows, insulation, roofs, doors, air conditioners and central-heating units can receive a $500 tax credit.
- If you have a swimming pool or hot tub heated by solar power, you can recoup thirty percent of your expenditures, unless it exceeds $2,000. In those cases, you would just get a refund of 2k.
- You can recoup 10% or $200 from a green exterior window or skylight installation as long as they meet IECC standards.
- Replacing exterior doors with eco-friendly ones will net you 10% or $500 dollars back.
- With a metal, Energy-Star roof you can reclaim 10% or $500.
- Certain types of insulation will allow you to recoup 10% or $500.
- Greening up your central air-conditioning unit, utilizing geothermal heat pumps, installing air source heat pumps, putting in a gas, oil or propane water heater or an electric heat pump water heater will entitle you to garner a $300 dollar tax credit for each qualifying improvement.
- A gas, oil, propane furnace or hot water boiler installed in your home will make you eligible for a $150 tax credit.
- An advanced main air circulating fan allows you to claim a $50 refund.
Every state has its own tax breaks. Make sure to utilize those as well. If you plan to go green, check the tax code first.
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Tags: 10 ways to get green tax breaks, Environment, Green Construction, Green Living, Green News, Money Saving, Tax Breaks
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