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Published on February 5th, 2013 | by Zachary Shahan

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Take Advantage Of Home Energy Efficiency Tax Credits!

February 5th, 2013 by  


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

is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.



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