Tuesday, December 9, 2008
Hidden in the Bailout Bill
Why is the "bailout bill" important to the green world? This is important to the green world, because the "bailout bill" contained a lot more information and changes than the public was made aware of. It has a huge section on energy that is really interesting. Click Here to read the bill yourself. You can earn tax credits for odd things such as walking or riding your bike to work. The most important issue is the %30 tax credit you get for purchasing certain "energy star" products. The 30% is based off of how much you spend on the product(s). It includes energy star products such as, Geo-thermal heat pumps, fuel cells, small wind energy systems, solar water heating, and photovoltaic systems. In addition, there are several smaller projects that receive 10% off such as windows, doors, and insulation. But remember they must be ENERGY STAR products! To get your tax credit you simply report the price of the project on your taxes(you should keep a receipt in case they question it.) If you have any questions regarding this complicated bill be sure to email me. If I don't know the answer I will go find it for you!
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1 comment:
I read about this and totally forgot about it, Thank You for posting it!
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