The Federal Tax Credits Blog

Posts Tagged ‘environment’

It’s Rebate Time: Starting Monday, Funds Offered For Replacing Old Appliances With New Ones

The state has $3.4 million to distribute over the next three months to consumers who replace their old, energy-grabbing appliances with new, energy-efficient versions. The CT Recovery Appliance Rebate Program launches Monday and continues through April 30.

OTguyJan2pt1.wmv

Question: can u get a tax credit for home improvements that save money and energy?

we added new windows and we going to make more improvements around the house to help save energy and money. ie replaceing old doors, new roofing etc

Answer: www.energystar.gov is a great resource.

Whatever you buy has to meet certain criteria. You cannot just get a credit for putting on any new door. It has to be an exterior door and meet the energy criteria.

Also the most credit you can qualify for is $1500 and then it’s only good if you actually owe that much in tax.

10 home-improvement projects for 2010

With a minimal budget and a little sweat equity, your home can go from a “so-so” to a “wow” in no time. Whether you want to update your existing living space or add value to a house you are trying to sell, investing in some basic home renovations can make a huge impact.

Sunlight Turn Into Solar Power

Question: If I buy a electric car this year can I carry over any unused tax credits to the next year?

My federal taxes wouldn’t use all of the tax credits given for the electric car in one year so could I carry the unused portion over to the following year(s) until the total amount is used up,

Answer: So sad, too bad.

Nope, no carryover on the 8910. The new 8936 doesn’t mention carryovers and the instructions aren’t available yet, but I doubt there is a carryover.

Most credits are use or lose.

Nelson: Doing nothing not an option

Sen. Ben Nelson is on a campaign to justify his support of the Senate health care bill, a campaign that included the premi… (51 comments)

free electric car!

Question: How do Renewable Energy Credits (RECs) work?

Is it an incentive to use renewable energy?

Answer: The basic idea that people who feel bad about something can buy them to get rid of the guilt.

The way that they work is that a very small amount (much less than the subsidies and tax breaks given to politically correct energy) of money goes to those who operate a wind turbine or solar panel (or even methane gas recovery systems at landfills, sometimes things that would have to be built regardless of whether any carbon credits were sold), the amount of money that the carbon offset actually provides is really too small to actually encourage use of politically correct energy, especially when you consider how much bigger the subsidies are (and they really are over-subsidised compared to how much energy they produce).

Of course there are renewable energy credit systems that do actually help, just that they cost so much more that the frauds out compete them (and governments don’t seem too interested in keeping that sector honest, some such schemes are actually run by the government, including some that sell more renewable energy than they actually generate (in other areas of the economy the word used for that is fraud)).

The main purposes that renewable Energy Credits serve are to act as indulgences and to help fool people into believing that fossil fuels can be replaced without using nuclear power (which thereby prevents fossil fuels from actually being replaced and keeps the coal and oil companies in business).

10 Easy Ways to Green Your Web Site

Cyrus Patten is the editor of Pingable.org , a blog about everything Wordpress. He specializes in the role of technology in community organizing. The Internet uses vast amounts of energy — one Google search reportedly requires enough energy to boil a cup of water . However, the web is slowly but steadily “going green.” The trouble is this means different things to different people. As more ways …

Renewable Energy Certificates REC Overview

Question: Should the USA increase the Federal gasoline tax to nudge people about their vehicles?

Should the Federal (or state) governments increase the tax on gasoline to motivate people to buy more efficient gasoline-fueled vehicles or to demand more alternative fueled vehicles? Should that additional tax be used to be given back as tax credits to individuals who buy such new vehicles?

Answer: Should give bigger tax break to incourage purchase of more effecient vehicles, furnaces….:-)

End of tax credit adds to biofuel-makers’ woes

An alternative fuel for diesel engines is off to a shaky start this year, though it emits fewer pollutants and cuts down on petroleum use because it’s made from environmentally friendly waste and vegetable oil. A federal tax credit that provided makers of… Petroleum – Alternative fuel – Vegetable fats and oils – Business – Energy

FOOD AS FUEL – Epilogue