With the rising costs of running homes and businesses, consumers and company owners alike are looking for ways to reduce the money devoted to energy use. Fortunately, there are many federal and state government tax credits and rebates that are available as incentives for going green. These incentives are offered to both consumers and businesses for purchasing energy efficient products, using renewable energy sources, and supporting the reduction of pollution.
Residential Renewable Energy Tax Credit
This federal tax incentive was established in 2005 and applies to various systems using wind, solar, and geothermal energy. The credit has been extended until the end of 2016 and has recently removed its two thousand dollar limit for systems using solar electric energy. If you are considering improvements to the energy efficiency of your home through one of these systems, be sure to investigate this tax credit before you begin your renovation project to help offset your total investment.
Providing information to consumers and business, energytaxincentives.org has been developed through the Tax Incentives Assistance Project. It offers a list of consumer and commercial incentives for home energy improvements, the installation of energy efficient HVAC products, the purchase of alternative energy vehicles, and the use of wind, solar, geothermal, and fuel cell systems. Each incentive that is listed links to all of the pertinent information regarding the credit.
Energy Star Tax Credits
This program was established by the EPA and provides consumers and businesses with financial incentives that may encourage them in making the best decisions around energy efficiency. The Energy Star website offers simple-to-follow details on the tax incentives that are available, along with clear instructions on determining which products and enhancements to your home will enable you to qualify for funding.
Energy.gov Tax Rebates and Incentives
Visit Energy.gov for a comprehensive list of the rebates programs provided by state governments organizations, as well as many utility companies. This website will allow you to refine your search by state, product purchase, and type of rebate.
ProudGreenHome.com offers up-to-date information on the energy rebate programs that are offered by various government groups. This site features articles on incentives based on seasonal requirements and current news stories.
Greenamerica.org provides detailed summaries of the incentives available through federal and state organizations. The list includes income tax, property tax, and sales tax incentives, along with rebate programs. The details describe the individual accounts of several consumers, making the information authentic and relevant to other potential applicants.
Individual State Websites
Check into the website offered by your own state government for the tax incentives and rebates that are available to you. Once you have found the list, read through the requirements for funding qualifications. If you are unable to locate the information you need, look for the contact us link on the home page and send out an email requesting the information you would like.
You will need to submit an application for most of the rebates and tax credits offered by state governments. Fortunately, you can visit the United States Department of Energy DSIRE website to search for all of the information you will need for these applications. This site provides a list of all of the federal and state incentives that are available along with all of the necessary details. Verify the deadline and dollar limitations any application before you begin work on the project or go out and make a large purchase.