Money Saving Green Ideas for Homeowners

Money Saving Green Ideas and Deals for Homeowners

Go Green and Save Money

green-ideas-to-save-moneyThere are currently two green energy IRS  tax credits available for homeowners who make qualified home improvements

1) Homeowners who have made energy efficient improvements on their home before January 1, 2012 such as adding insulation, energy efficient exterior windows and doors and certain roofs. This Non-business Energy Property Credit is based on 10 percent of the cost of the item, with a tax credit of up to $500.

2) Save as much as 30% of the cost, no- cap, by installing alternative energy equipments such as solar hot water heaters, solar electric equipments and wind turbines. This Residential Energy Efficient Property Tax Credit runs through 2016.

Make sure to have the manufacturer’s tax credit certification statement to ensure that your green home improvements qualify. Claim these tax credits on your form 5695.

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