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Green Tax Incentives

March 29, 2010

From the desk of Ms. Green Quick Fixes

With just a couple of weeks before taxes are due, many in Massachusetts are learning that converting to a greener home or office provides some serious kick-back of greenbacks from the taxman!

If you have priced green installations and find them costly, consider that tax credits and other state and local incentives — combined with the savings on your energy bill — might pay for those carbon footprint-reducing upgrades in little time at all.

At the federal level under the Residential Renewable Energy Tax Credit there are numerous tax credits for homeowners that made upgrades in 2009. For example, if you added a solar electric system, solar water heater, or geothermal pump last year you are eligible for a maximum incentive of $2,000 (each). For a wind turbine, you can write-off up to $4,000.

The tax incentives increased for 2009 and more information on residential energy efficiency is available by going to the U.S. Department of Energy’s Energy Efficiency and Renewable Energy “Rebates, Tax Credits, & Financing” page.

Other Massachusetts state and local incentive programs offer rebates for buying products like upgraded appliances, deductions for items such as renewable transportation fuel, and additional personal and business tax credits for installing greener energy equipment and more. There are numerous utility programs that offer credits as well. Go to Database of State Incentives for Renewables and Efficiency at and click on Massachusetts for more on federal, state, and utility incentive and loan programs.

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