Mother Earth Living

Tax Breaks Coming to the Alternative Energy Industry

Homeowners may see some of the alternative energy incentives.
By Olivia Blanco Mullins
January 2009 Web
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Greener energy is coming our way.

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The Senate’s Financial Committee has approved a $31 million package of incentives and tax credits for alternative energy. According to Reuters this stimulus package goes beyond the one approved by the House last week, by allowing alternative energy companies to carry their 2008-2009 credits for five years.

Among other incentives for the alternative energy industry, these packages would also give tax credits to homeowners who make their homes more energy efficient and invest in alternative energy sources, such as wind turbines and solar panels, for their homes.

Congress expects to have a bill ready for President Obama to sign on February 16.

More about green energy

• Find out which major corporations support green power.

• A summer energy audit could save you money. Find out more!

• Clean energy jobs are on the rise! A new study reflects dramatic change.  

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