Benefits of Energy Efficiency and Federal Tax Credits
There are many benefits to becoming energy efficient. You reduce your monthly utility costs and are eligable for a variety of tax benefits. When you calculate the lifetime operating costs of a standard water heater compared to a solar water heater the investment into a solar water heater makes sense. With tax credits available the price of a solar water heater becomes very affordable. The following is a list of the energy tax credits available to homeowners and businesses:
Businesses Tax Benefits:
- 30 percent tax credit for the installation of qualifying solar equipment on buildings;
- Business tax credits for companies that build highly energy efficient homes;
- Credits for companies that manufacture energy-efficient appliances such as dishwashers, clothes washers and refrigerators.
For additional information and research