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