Federal Green Grants & Tax Deductions
Many opportunities exist for homes or businesses to receive grants or tax deductions by switching to LED lighting. These energy efficient grants provide potential buyers with a huge bonus: the government can help making the switch to green energy even easier. LED lighting provides consumers with tremendous energy and financial savings without the grants, but grants can help offset making the initial switch.
Imagine the federal government handing you a nice check just for making a building environmentally friendly. Those type of programs are in the works on a variety of levels. Many tax breaks have been authorized by federal legislation, even for the home owner.
Links on Grants & Tax Incentives
- Energy Efficient Home Credit - Provides a $2,000 credit for a traditional free-standing home and either a $1,000 or $2,000 credit for a manufactured home depending on the level of energy savings achieved.
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Federal Tax Incentive - Gives a tax deduction of up to $1.80 per square foot for new or existing buildings constructed or renovated to save at least 50 percent on the energy costs on interior-lighting systems.