Arbour Realty’s EcoBrokers Are Excited About the Recent Bailout Tax Incentives.
Here at Arbour Realty the recent bailout/recue plan has some exciting news for the environmentally friendly nature of our company. Our EcoBrokers are always looking for new ways to advise clients on the benefits of buying or renovating their home with energy conservation in mind. Now the following incentives for solar, wind and geothermal just gives one more financial advantage to reducing ones carbon footprint:
- An eight-year extension of the investment tax credit (ITC) for solar energy.
- A multi-year extension of the production tax credit (PTC) for energy derived from biomass, geothermal, hydropower, waves and tides, landfill gas and solid waste (through September 30, 2011).
- A one-year extension of the PTC for energy derived from wind.
- Incentives for carbon capture and sequestration demonstration projects.
- Incentives for the production of domestically-produced renewable fuels, such as biodiesel and renewable diesel, and for the installation of E-85 pumps for consumers to fill up flex-fuel vehicles.
- Tax credits of $3,000 or more toward the purchase of fuel-efficient, plug-in hybrid vehicles.
- Incentives for energy conservation in commercial buildings, residential structures and energy-efficient appliances.
In recent blogs we have talked about the benefits of Solar Power and how it is becoming more affordable, this new legislation is particularly favorable to Solar Power. Homeowners who install a new system can now claim a 30 percent federal tax credit, which brings the initial installation costs down considerable.
Click here for more information on the bill, and when embarking on your next home search consider working with an EcoBroker to get the best advice on energy conservation, which will in the long run save you financially and environmentally.
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