"For a limited time only, get federal aid for home improvements that can help you reduce your tax and energy bills! Through 2010 you can cut your tax bill by 30% of the cost of certain projects, up to $1,500! And through 2016 you can get a credit for 30% of the cost -- with no limit -- of geothermal heat pumps, solar panels, solar water heaters, small wind-energy systems and fuel cells!
And that's no hype. Washington is serious about energy efficiency, and will pay up to $1,500 for home improvements, such as windows and doors, certain insulation projects, roofs and high-efficiency water heaters (for more information, visit http://www.energystar.gov).
The government has also slated $300 million for rebates on the purchase of Energy Star-qualified appliances (see http://www.dsireusa.org for details). The money should be available late this year or early next.
With the federal government chipping in 30% of the cost, generating power at home makes economic sense for many Americans. In addition to the federal tax credit, 44 states offer renewable-energy tax incentives, ranging from property- and sales-tax discounts to income-tax credits. Rebates are available in 42 states from a variety of sources, including utility companies (see www.dsireusa.org for incentives in your state)."
So what are saving up for? Will it be as good an investment as this?
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