The Low Down On Green Living
January 18th, 2009
Green Tax Credits Available in 2009
Stumble it!
Written by Dawn Killough, courtesy of Green Building Elements.com
(NOTE: We’ve just published an update (as of March 2 2009) on some of the tax credits included in the final stimulus bill here.)
As was previously reported on Green Building Elements, Congress was contemplating how to include the continuation of energy efficiency tax credits in the “economic bailout.” Well, they did it, and even managed to increase some of the incentives.
Here is a brief run-down of the credits available in 2009:
* Purchase of hybrid car or SUV: $250 to $3,150, depending on vehicle weight and fuel economy.
* Purchase of central air conditioner or heat pump: $300, only some Energy Star products qualify.
* Furnace or boiler: $150, only some Energy Star products qualify.
* Windows: up to $200, all Energy Star windows qualify.
* Insulation and sealing: up to $500, must meet model building code as installed.
* Ground source heat pump: up to $2,000, only Energy Star models qualify.
* There is a limit of $500 in tax credits for home improvements.
Homeowners should also check the DSIRE website for applicable state tax credits.
Businesses can also get in on the act. They are eligible for the hybrid vehicle incentives and incentives for energy efficient buildings. Businesses that sell new energy efficient homes (through 2009) or efficient appliances (through 2010) can take tax credits on these products that may reduce the cost to consumers.
For more on tax credits for businesses, builders, and consumers, see Tax Incentives Assistance Project, or The Alliance to Save Energy. Of course, you should check with your tax preparer for more information on how these credits effect you, and what paperwork needs to be completed.
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Comments
mamajlu
January 21st, 2009 at 12:38 pm
Perfect timing. We are already making plans to spend our tax return on windows, and what better way to spend money from 2008 than to save money in 2009 and receive a little extra in 2010? Plus it always makes me happy to green our a house a little more, benefitting us, the environment and whoever buys this place from us!
kerry ball
January 22nd, 2009 at 6:29 pm
can you build a green home with a standard septic system
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Greg Werner
June 4th, 2009 at 8:10 am
INCENTIVES - For Production or Conservation?
The good news. The limit is lifted on the cap for the credit. The bad news? It appears that the cap is gone on energy PRODUCTION technologies employed but ignores the CONSERVATION technologies. Don’t get me wrong; Production-side incentives are good, but have you ever seen a net-zero residence that has a 2×6 R-19 wall system? Show me one.
If America is gong to make progress on REALLY impacting energy we need to build AND INCENT structures that set higher performance standards.
In my review of how energy codes are used the governing authorities always revert to the lowest common denominator — what can the builder do. Why do you think an R-19 standard has been the rule for so long. IT’S WHAT THE BUILDER COULD EASILY DO! We can build a R-49+ Structural Envelope but it won’t be the rule because ITS NOT what the builder can easily do. IF WE INCENT the construction of an R-49+ Structural Envelope BY LIFTING THE CAP then it will happen and WE CAN GET to Net-Zero. Don’t give me wind generation if it’s only going to impact my electrical bill by a small margin. GIVE ME SOMETHING BIG - C O N S E R V A T I O N I M P A C T ! ! !
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