Benefits of Alternative Energy
Energy & Environment
It is time for the United States to lead again. By developing an American clean energy industry, a 21st century economy that flourishes within our borders. We must commit ourselves to an economic future in which the strength of our economy is not tied to the unpredictability of oil markets. We must make the investments in clean energy sources that will curb our dependence on fossil fuels and make America energy independent.
We must take immediate action to reduce the carbon pollution that threatens our climate and sustains our dependence on fossil fuels.
“So we have a choice to make. We can remain one of the world’s leading importers of foreign oil, or we can make the investments that would allow us to become the world’s leading exporter of renewable energy. We can let climate change continue to go unchecked, or we can help stop it. We can let the jobs of tomorrow be created abroad, or we can create those jobs right here in America and lay the foundation for lasting prosperity.”
President Obama
Rebates and Tax Credits
Energy Star Federal Tax Credits
If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit. Below you will find an overview of the federal tax credits for energy efficiency.
State Incentives for Renewable Energy
DSIRE.org is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency.
US Dept of Energy
Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government.
Examples
Rebate is money back into your pocket after equipment is installed. Credit is a credit towards your State or Federal Tax returns.
Solar Electric: 30% Federal Tax Credit for entire install Virginia State Rebate 1st & 2nd round already. Allotted $2000 per KW.
Solar Hot Water: 30% Federal Tax Credit for entire install, 20% Virginia State Rebate 1 st & 2nd round already allotted.
Wind Power : 30% Federal Tax Credit for entire install, Virginia State Rebate 1st & 2nd round already allotted. $1500 per KW.
Geothermal HVAC : 30% Federal Tax Credit for entire install.
The Tax Credits opportunities listed below expire are 30% or up to $1500 Dec 31, 2010.
High Efficiency HVAC Up to $1500 Federal Tax Credit.
Gas House Heat: $500 rebate Virginia Natural Gas.
Hot Water Heaters: Up to $1500 Fed Tax Credit.
Gas Tank-less Hot Water: $500 rebate Virginia Natural Gas.
Windows & Doors: Up to $1500 Federal Tax Credit.
Insulation: Up to $1500 Federal Tax Credit.
Roofing: Up to $1500 Federal Tax Credit.