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New tax incentives for Old Homes
I am reBlogging this in tribute to your information and dedication...It has been entered in the February Eco-All-Stars SHARE THE LINK LOVE Contest..=) and THX!!!
Save the planet by making an old home energy efficient
Better tax credits for increasing the energy efficiency of your existing home. WOW that makes sense. Previously there was a $200 cap on replacement windows. Now it is $1500 tax credit for all energy efficient projects. Don't get me wrong I love the idea of building more energy efficient homes; it makes great sense that as we build new homes we build them to ever increasing standards that match the new technology available. However, retrofitting an existing home with energy efficient features is much more carbon and cost efficient than adding requirements to new housing. "These new tax credits are another way that the home building industry can combat the potential effects of global climate change by encouraging home owners to make energy-efficient improvements to their homes," said Miedema. A 2008 California study showed that homes built before 1983 were responsible for 70% of the greenhouse gas emissions related to single-family envelope energy consumption. The study also found that spending $10,000 to retrofit a 1960s home ... more
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