Go Green, Save Green
Federal and state energy-related tax incentives
Investing in renewable energy and energy efficient home improvement projects may help simulate our economy and earn you some energy related tax breaks. The 2009 Recovery and Reinvestment Act signed in February extended and added to many of the incentives existing before. These incentives go into effect this year.
A tax credit is generally more valuable than an equivalent tax deduction because a credit lowers your taxes dollar-for-dollar, while a deduction lowers your taxable income.
Verify all tax-related information with your tax advisor.
For detailed information on federal energy-related tax incentives, visit: www.energystar.gov . Find information on state tax incentives at www.dsireusa.org.
(Carolina Country May 2009)
