Tax Breaks for Environmentally-Friendly San Diego Home Renovations
Going “green” is advertised everywhere you turn. And why not? Green living not only helps our planet, but it can also save you tons of money!
From eco-friendly automobiles, to green equipment, to green homes, there are several ways to be green. Read below to learn how turning your home green can save you lots of green, too!
Tax Breaks for Your Green San Diego Property
Green home renovations can result in dozens of tax deduction credits. Read below to learn about possible eco-friendly home renovations that often result in tax credits.
- Rooftop solar units
- Energy Star appliances
- Energy-efficient skylights
- Eco-friendly external doors
- Swimming pool or hot tub warmed by solar power
- Geothermal heat pumps
- Environmentally-friendly AC unit
- Energy-efficient stove
Such government incentives make buying new products for your home more affordable and fun!
It’s Never Been So Cheap to Go Green
The amount you’re eligible to save on a green home depends on your state. More than half of the states in our nation give eco-friendly incentives that reduce the homeowner’s costs over 40 percent!
For instance, in NJ, liberal state incentives can pay for more than 90 percent of a home’s solar unit. A rooftop solar unit priced at $38,000 would drop to about $3,000 after applying the federal tax credit, the state discount, and the power company’s renewable energy program.
Solar power is becoming less and less expensive each year. Reduced installation costs, combined with local subsidies, have made solar panel prices decrease by 31 percent in the last decade.
Don’t Wait, Go Green Today
For San Diego, California homeowners who must make roof repairs in the near future, they might as well buy solar panels. By doing so, they will get a generous tax deduction, and they’ll also save thousands in energy bills. Studies show that eco-renovators using solar power will regain the cost in roughly three years, perhaps sooner.
Turning your San Diego home “green” will not only drastically reduce your power bill, but you’ll also do your part to help the environment. Investing in your San Diego home has never been so efficient!
Publish Date: 2009-11-14 14:00:35
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