Save Money and Energy with New Tax Credits

Homeowners can now get more money back for investing in renewable energy systems or for making energy-efficiency improvements.

Nov. 24, 2008 By Megan Phelps - Mother Earth News

Good news! Renewable energy systems just got a little more affordable. Thanks to federal tax credits that will go into effect in January 2009, U.S. homeowners can get money back if they purchase wind turbines or solar panels next year. There are tax credits for energy efficiency, too — including projects such as adding more insulation to your home, or buying energy-efficient windows.

All this is good news for the planet, because it encourages renewable energy and reduces the use of polluting fossil fuels. It’s also good news for your wallet, because over time, these types of energy upgrades can save you a lot of money.

How do the savings add up?

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