April 10, 2013
The IRS filing deadline may be looming, but there's still enough time to cash in on green tax breaks. Ask your accountant for help, or consult the Database of State Initiatives for Renewables and Efficiency (DSIRE), which provides comprehensive information on environmentally sustainable local, state, federal, and utility-based incentives and policies. Here we highlight a handful of federal initiatives that could help you green your wallet this tax season.
Renewable remodeling: Homeowners who have installed renewable energy heating and cooling systems, including geothermal heat pumps, small wind turbines, and/or solar energy systems, can claim 30 percent of the cost of a new renewable energy system, with no maximum limit. An added bonus: the Residential Energy Efficient Property Credit, which runs through 2016, applies to any home you own, not just your primary residence.