Oct 8

Benefits of Bailout Bill for Green Consumers

bigstockphoto_Trree_Hugger_3148327.jpgYay! I think I can finally convince my husband to put in a solar system with these great tax credits:

+The $2,000 tax credit limit for residential solar systems has been lifted, meaning that homeowners can get a 30% tax credit on the solar panels they install after Dec. 31, 2008. That will save folks who want to install a system serious money -- especially for those who live in states with generous state rebates. (If you buy a $24,000 3-kilowatt solar array in California -- big enough to power the average home -  you can claim a $7,200 federal tax credit. Add in the state solar rebate and the cost of the system is cut in half.)
+  The bill also includes tax credits of $3,000 or more toward the purchase of fuel-efficient, plug-in hybrid vehicles. To learn more about plug-in hybrids, click here.

Read more green benefits at LowImpactLiving.com

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About this Entry

This page contains a single entry by Jen published on October 8, 2008 2:10 PM.

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