Tax Credits for Energy Efficiency
By Deborah R. Huso | Oct 2, 2008
Cut Your Heating Bill
The Energy Policy Act of 2005 has offered more than $14 billion in tax incentives for businesses and individuals who improve energy production and efficiency. Among them are several tax credits for builders and homeowners who make energy efficiency improvements to the home. While credits for improvements to existing homes ended in 2007, new homeowners can still take advantage of the following tax credits through the end of 2008:
- 30 percent of the cost for installing photovoltaic systems to provide electricity to the home, up to a $2,000 maximum tax credit.
- 10 percent of the cost for creating energy-efficient building envelopes up to a $500 maximum lifetime credit – this may include insulation that reduces heat loss or gain, upgrading thermostats and installing metal roofs with coatings that reduce heat gain.
- Up to $200 lifetime credit for newly installed energy efficient exterior windows.
- Up to a $300 lifetime credit for qualifying energy efficient heat pumps, air conditioners and water heaters.
- Up to $200 for energy efficient home appliances.
Check with your state’s Department of Energy for state or local credits.
Garden Crop Rotation Simplified
One of the biggest obstacles for gardeners is crop rotation. This sounds like a simple task, but when you take into account which plants are companion plants, what type of soil each needs, and try to work those into crop rotation, well it gets a little confusing. Crop rotation is necessary whether you plant in […]
Beekeeping for Beginners: Common-Sense Guide to Bee Safety
It’s common bee safety knowledge that bees are defensive by nature, so don’t set off their warning bells is one beekeeping for beginners tip.
From One Novice Farmer to Another: Questions to Answer Before Beginning Farming
Bush hogging a field with the dog guarding Photo by Bradley Rankin Have you been thinking lately about taking the plunge and buying or leasing a small farm? If the answer is yes, then I would like to share with you my experiences since 2018 for finding, purchasing, and developing our 48-acre Kentucky farm. Learn […]