alternative energy options for your home
One of the major themes of this site will be on how to
reduce one's dependence on the "grid" by substituting alternative
renewable sources of energy. Some people have even managed to become
energy producers who sell energy back to their local utility company.
Energy Tax Credits.
Credits For Energy-Efficiency Home
Improvements, Hybrid Vehicles
A new site operated by the Department of Energy (DOE) and the Alliance
to Save Energy will help consumers reduce their federal income taxes in
2006 and 2007 by making their homes more energy efficient and
purchasing fuel-efficient vehicles. The site covers provisions in the
Policy Act of 2005 and is provided as part of the DOE/Alliance Powerful
$avings campaign to help consumers reduce their energy bills and the
nation lower its overall energy use.
The Internal Revenue Service has not yet issued specific guidance for
consumers on how to claim the income tax credits, but in the meantime
the web pages offer comprehensive information, based on the new energy
law, to help consumers save money on their energy bills and their
federal income taxes. The web pages will be updated on a continuing
basis as the IRS makes new details available.
Under the new energy law, consumers can save up to $500 in taxes in
2006 and 2007 for specific energy-efficiency upgrades to existing
homes. In addition, consumers – and businesses – can save up to $3,400
on energy-efficient hybrid-electric or diesel vehicles purchased.
The Powerful $avings
campaign provides tips for lowering energy bills at home and on the
road. Consumers also can find a wealth of energy- and money-saving tips
in DOE’s free Energy Savers
which is available in both English and Spanish versions.
home and electronics
For home energy requirements
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