03 January 2009

If You Can Afford It, New Incentives for Home Energy Efficiency

2009 brings some new incentives for homeowners to adopt energy efficiency from both state and federal sources.

The Wall Street Journal reported last week on several of these, including new provisions for tax credits in solar, small wind, and biomass stoves (those burning wood pellets or corn).

In addition, this year, both solar and wind residential tax credits can be claimed against the alternative minimum tax.

Improvements to weatherize your home could also qualify for an energy efficiency tax credit of up to $500. There are also new credits for upgrading your furnace, boilers, heat pumps, and water heaters.

Read more at WSJ.com: http://tinyurl.com/93n535