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solar energy systems
precious commodities
cutting corners
water heaters
Environmental Tax Credits
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 Environmental efforts have been pushed on all fronts. Everyone is trying to be more energy efficient and cutting corners on consumption of our natural resources. Not many people know of this, but several tax credits are surfacing that actually benefit people who make these efforts to save their utility bills and the world. These credits can apply to both commercial homes and secondary or vactation homes. We look forward to seeing you not only saving on your bills, but saving the precious commodities of our world's supply of energy.

 

This credit is thirty percent of the cost with no upward limit, meaning you can save a lot of money with this credit. It doesn't expire until December 31, 2016, and can work with existing homes and new constructions. You can apply this to both principal residences and secondary homes, but rentals do not qualify. First, Geothermal Heat Pumps are a prime candidate for the credit. These heat pumps use the ground instead of outside air to provide heating, air conditioning and even hot water. Using the earth's natural heat, this allows the most efficient and comfortable heating and cooling costs for your money. The cost of the installation can be included in the credit. Some small wind turbines can be applied to the tax credit, and it's installation will also be covered. Solar energy systems are also included. These not only cover panels, but water heaters as well. However, at least half of the energy generated by the “qualifying property” must be from the sun's solar energy. In the case of the water heaters, the water must be used in the dwelling and in no other place.

 

In our world we have to save whatever we have left of our environment. Our resources are only dwindling as we continue to ruthlessly consume everything in our delicately balanced ecosystem. Using this tax credit is an extra incentive to give Americans a shot at saving their world. It may be a small step, but if everyone does it the impression will be huge and could very well turn this energy crisis into a great opportunity. Please take the time to save not only some money, but yourself and the world we live in as well. Everyone wins in this situation! Online Tax Pros has several experts on hand to give you the most out of your return. Try us this tax season and see why we are so successful.


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