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BANG FOR THE BITE
We really like taking money back from the government. The eco-benefits are just a really good bonus...
COCKTAIL FACT
In '94, a man upset by the IRS's refusal to allow deductions for all 3 of his kids threatened to turn 2 of them over to the feds. The IRS decided to allow the deductions.
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home › tip library › Energy Tax Credits
Whose turn is it to collect?
The Bite
Come tax season '08, it'll be your turn to play tax collector if you buy a hybrid, go solar, or update your home in '07.The Benefits
- Get your share of the $14 billion Congress put aside for people who buy hybrids, install solar panels or green their homes, available through '09 or '10.
- Save on gas and electric bills. Whether it's a new car, solar panels or storm doors, the savings add up quick.
- One more excuse to sport a new ride (get as much as $4,000 back) or replace that awful energy-suck you call a water heater (get as much as $300 back).
Personally Speaking
This year, Jen's looking forward to refunds on the new windows she installed in her home, while Heather's deducting big time for the Prius she bought last year. Tax savings for green things are better than our BFF, "Mr. Clearance Sale."Wanna Try?
- Energy Star - home improvement and solar tax credit info.
- New Energy Tax Credits for Alternative Fuel Vehicles - car manufacturers only have a certain number of credits, so buy soon.
- Database of State Incentives for Renewables & Efficiency - your state may offer additional credits.
Jan 29,2007
Sponsor
So, I bought a Prius.
For whatever reason, this makes me feel like a middle-aged mom. While I love the fact that I only have to put gas in it about every 5 weeks, I haven't gotten attached to it enough to name it yet. Trixie (my biodiesel Benz) - she got her name in the first week I had her. Mr. NoName Prius, on the other hand, has been around for nearly 3 months now, and I still have no idea what to call him/her.
Thoughts?
Still - I get a full tax CREDIT - not even a write off - so I can't complain.
-Heather... off to stare at my Prius and pray for naming inspiration...
Biter Comments...
PHOTO ALBUMS
Posted by: Barbara | January 30, 2007 at 12:58 PM