Tuesday, February 24, 2009

Sustainable Living and the Stimulus Bill ?

We're all a buzz about the Stimulus Bill that was signed into law on February 17th. But are you aware of its green initiatives?

Here are some highlights:

  • Starting January 1, 2009, residential Geothermal Heat Pump systems will receive a 30% tax credit.
  • Federal facilities and military installations will receive billions for energy upgrades.
  • Each state will receive an average of $100 million for energy efficiency upgrades, the uses for that money to be determined by each state. All commercial and private buildings are eligible for a 10% grant in lieu of tax credit for the total cost of installing geothermal systems.
  • But how does it affect you? To educate yourselves on the government support in place, read GeoExchange's article on the plan. http://www.geoexchange.org/component/content/article/90-stimulus-bill-increases-homeowner-tax-credit.html

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