Mother Earth Living

The Good Life

All things Mother Earth Living

Add to My MSN

Taking the Sting Out of Tax Day

4/14/2009 12:00:00 AM

Tags:

It’s tax day. And while some Americans have already filed and perhaps even collected their refunds, a good number of us will be burning the midnight CFLs to finalize those returns. 

The good news is that the federal stimulus plan, an effort to jumpstart the economy signed by President Obama in February, offers tax credits worth up to 30 percent of the total cost of green home improvements and eco-friendly cars. The plan includes incentives in four categories: home-shell (insulation upgrades, installing double-pane windows, sealing gaps or cracks); heating, ventilation and air-conditioning (HVAC); renewable energy (biomass, wind energy, photovoltaic cells, hydropower and geothermal energy) and green cars (hybrid and diesel). 

 

To take advantage of the tax credits by greening your home, you can make home-shell and HVAC improvements until December 31, 2010. You have until December 31, 2016, to make the renewable-energy upgrades. 

If you have invested in renewable energy in 2008 and want to receive tax credits for 2009, Alliance to Save Energy president Kateri Callahan recommends you fill out IRS Form 5695. 



Related Content

Xcel Chops Solar Incentives in Colorado

In a move that could devastate Colorado's thriving solar industry, Xcel Energy slashes incentive pro...

2011 Guide to Renewable Energy and Energy-Efficiency Tax Credits

The government offers hundreds, sometimes thousands, to homeowners who enhance their home’s efficien...

Sustainable Tennessee Farmhouse Takes Advantage of Solar Power and Renewable Energy

Natural Home guest blogger John Patrick explains why he and his wife, guest blogger Rebecca Selove, ...

Save Green: How to Get Tax Credits for Making Eco-Friendly Home Improvements

How to get up to $1,500 in tax credits by making these eco-friendly improvements to your home by Dec...

Content Tools




Post a comment below.

 



Subscribe today and save 58%

First Name: *
Last Name: *
Address: *
City: *
State/Province: *
Zip/Postal Code:*
Country:
Email:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here

Subscribe to Mother Earth Living!

Welcome to Mother Earth Living, the authority on green lifestyle and design. Each issue of Mother Earth Living features advice to create naturally healthy and nontoxic homes for yourself and your loved ones. With Mother Earth Living by your side, you’ll discover all the best and latest information you want on choosing natural remedies and practicing preventive medicine; cooking with a nutritious and whole-food focus; creating a nontoxic home; and gardening for food, wellness and enjoyment. Subscribe to Mother Earth Living today to get inspired on the art of living wisely and living well.

Save Money & a Few Trees!

Pay now with a credit card and take advantage of our earth-friendly automatic renewal savings plan. You’ll save an additional $5 and get six issues of Mother Earth Living for just $14.95! (Offer valid only in the U.S.)

Or, choose Bill Me and pay just $19.95.