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Published on February 5th, 2013 | by Zachary Shahan

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Take Advantage Of Home Energy Efficiency Tax Credits!

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February 5th, 2013 by Zachary Shahan
 

Money can be tight, but if you’ve got a few dollars to spare, it’s hard to put them to better use than by using them to improve the energy efficiency of your home. It’s hard to find a better return on investment, and that saved money isn’t taxed! Furthermore, you can actually get tax credits for such improvements.

The Center for Neighborhood Technology (CNT) writes:

“As part of the ‘fiscal cliff’ legislation signed into law early this year, Congress provided a number of 2012 and 2013 tax credits for home energy efficiency improvements. These tax credits, coupled with financial incentives available for energy efficiency improvements, make right now a lucrative time to invest in home energy efficiency.”

Furthermore, there are extra opportunities for incentives in many states. In CNT’s home state of Illinois, for example, there are some very attractive ones:

“You’ll get twice the deal when you take advantage of an incentive program from Energy Impact Illinois, an alliance to help Illinois residents lower energy costs. The program helps you reduce energy bills and also provides financial incentives to make recommended improvements to your home. If you enroll in the program and install energy efficiency measures this year, you’ll receive an instant rebate of up to $1750 from Energy Impact Illinois and your local utility and, you can now also claim a credit of up to $500 for the very same improvements, so long as the improvements are eligible under the tax extension.”

So, seriously, stop wasting money — make some important energy efficiency upgrades to your home this month!

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About the Author

spends most of his time here on CleanTechnica as the director/chief editor. Otherwise, he's probably enthusiastically fulfilling his duties as the director/editor of Solar Love, EV Obsession, Planetsave, or Bikocity. Zach is recognized globally as a solar energy, electric car, and wind energy expert. If you would like him to speak at a related conference or event, connect with him via social media. You can connect with Zach on any popular social networking site you like. Links to all of his main social media profiles are on ZacharyShahan.com.



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  • Otis11

    “saved money isn’t taxed”

    That’s a really, really good point. That can significantly impact ROI on home improvements depending on what tax bracket you’re in!

    • http://zacharyshahan.com/ Zachary Shahan

      Yeah, one of those things I almost always forget to mention. Worth repeating anytime solar power pricing comes up. :D

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