Friday, December 7, 2018

Protect the Environment and the IRS will Reward You

We’ve all been taught that it’s important to do our part to protect the environment and conserve energy.   

Those willing to take things one step further, however, such as those thinking of opting for renewable home energy systems, can actually benefit themselves in multiple ways.

Aside from the initial investment of making the switch, these people can enjoy reduced energy costs. That’s not all either. In addition to this benefit, plus the great feeling of helping Mother Earth, the IRS also does its part to reward people who take this step.

The IRS Tax Credit for Renewable Energy Solutions
The IRS now offers a renewable energy solutions tax credit. Via this credit, as much as 30% of the cost of certain “green” home improvements can be covered by the IRS.

Just keep in mind that any changes you make need to be applied to your primary residence, not any rental properties you may own.

Right now, accepted home changes include:
·        The installation of residential solar energy systems
·        The addition of wind turbine systems
·        The addition of solar fuel cells

As you can see, you can be greatly rewarded if you choose to take the plunge and make your home more green.

To learn more about eligibility for this credit, as well as others like it, contact your accountant. These professionals are “in the know” about current benefits and options and can ensure you get everything to which you are entitled.