A $31 Million package of incentives and tax credits for alternative and green energy sources has passed the U.S. Senate’s Finance Committee. The package is expected to be ready for President Obama to sign by mid-February.
The packages would give homeowners tax credits for investing in alternative energy sources like wind or solar and for making their homes more energy efficient. Alternative energy companies can also carry their current tax credits for an additional five years.
I think this is fantastic and a good way to encourage people to start making the move to alternative energy and maximum efficiency. Unfortunately I feel like unless these packages were to be extended for several years, it’s not going to do much right now. The economy is in such poor shape that who, aside from the wealthy (once again), have the money to invest in solar panels and wind turbines right now?
I don’t think the answer will reveal very many people willing to make the investment in these rocky times even with as much as it will pay off in the long run. I hope our government realizes that this is a vital move to keep alive for several years and not just one tax season. Do green tax breaks like this one do enough to encourage you to make the move to alternative energy sources? Share your thoughts and opinions by posting a comment below!
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Hi! Thank you for this post. Actually, I’m not very familiar with this topic but after reading your post, it’s clear now! Keep up the good posts like this. Take care!
I’m not sure it will be enough! But it’s a definite step in the right direction!
~Wind
I would love to learn about greening my house. We bought our first home less than a year ago, and so far we have installed timer thermostats in two rooms, and used our raised beds to grow vegetables. I’m really curious about solar water heating systems. Please enter me in the giveaway!
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