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    « Housing Crisis Continues to Squeeze the Wealthy | Main | Friday Fun Video: Introduction to Banking »

    October 15, 2009
    Tax Credits for Green Home Improvements
    Modern wind energy plant in rural scenery.
    Image via Wikipedia

    Today is Blog Action Day. I participate every year. This year’s cause is climate change, and raising awareness of the problem. So I thought that it would be appropriate to share some of the the green home improvements that you can make in order to qualify for some particular tax credits. You can get more information on green tax credits at the governments Energy Star site. But here are some of the things you can do:

    * Windows

    * Doors

    * HVAC

    *Biomass stoves

    * Water heaters

    * Geothermal heat pumps

    * Solar panels

    * Wind energy systems

    There are restrictions as to how much of the cost is covered, and limits on some of the items. If you have the equity available in your home, you can finance these changes, and get an additional tax break for the interest you pay on the loan. You should also look for state and local grants and programs. For example, my parents are taking advantage of a program in their hometown where the city gives them an interest-free loan for two years to help them replace their windows.

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