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Saving the Planet While Stretching Your Budget

News | 4th May 2010

Day 8_138 It’s not easy being green.  But it may be worth it, if you can save money while doing so. 

According to the National Association of Home Builders (NAHB), home owners can still do both by utilizing federal energy efficiency tax credits.   The American Recovery and Reinvestment Act of 2009 has been extended, allowing federal tax credits for San Diego residents who increase energy efficiency in their homes.

Qualifying water heaters (including tank-less), windows, air conditioning units and some appliances, insulation and roofing all are repairs falling under the 25C tax credit.  The federal tax credit was due to expire in 2009, but has been extended until the end of 2010.  Thinking of adding solar panels, wind power, or geothermal heat pump systems?  You may want to look into the 25D tax credit.  Check or your tax advisor for specific details on your project.

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