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Why it Pays to Go Green

July20

Going green can save you green. There are an increasing number of incentives when making home improvements or buying a new car that make eco-friendly choices equate to bigger savings. Check out these stats:

30% of a solar-power system for your home. This perk has been available for a while, but tax credit for solar-power systems used to be capped at just $2,000—barely enough to make a difference on a typical $40,000 model. Now, the cap has been removed, so you’ll get big savings when you buy.

30% of a solar hot water heater. This rooftop box captures heat from the sun to warm water for your sink and bathtub, and once again, the Feds are chipping in 30% to make sure you can have a hot shower any time you like, guilt-free.

30% of a small wind turbine system. If your local zoning laws allow it, you could build a wind turbine to provide electricity to your house for about $40,000. Minus the government tax credit, you could end up with big savings over the course of your time in the home.

$7,500 towards an electric car. At the end of the year, Chevy’s introducing the Volt, which can run for 40 miles on a single electric charge. The price will be around $35,000, but the government’s tax credit will make it more affordable to eco-minded drivers.

Up to $1,500 towards green home improvements. If you’re adding energy-efficient roofs, windows, doors, insulation, or heating and cooling equipment to your house, the government will cover 30% of the costs up to $1,500 for purchases made through the end of the year.

Source: Gimundo

Cool Roofs (above), a growing trend

among business and home owners.

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