On Your Tax Return, It's Easy Being Green

Summary


NEW YORK (MCT) - Start living an energy-efficient lifestyle, and you could reap federal tax credits, not to mention rebates from your local utilities and the savings that come with reduced power use. But the federal credits only apply to 2006 and 2007 purchases - and there are strict caps.

One credit covers permanent features such as windows, doors, roofs and insulation you might choose if you are building or renovating a home. If the materials meet certain standards, you'll get a credit for 10 percent of the materials' cost, excluding labor.

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Extract


On Your Tax Return, It's Easy Being Green

There are also tax credits for ener...

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