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Go Green, Save Green: Tax Breaks for Saving Energy

Saving Energy

“Going green” is a priority for many people — and the IRS offers breaks if you install qualifying energy-efficient equipment in your home or purchase a new plug-in electric vehicle.

Earth Day is April 22. This occasion reminds us to consider implementing changes to help reduce the amount of energy we consume. But “going green” isn’t just good for the Earth — certain energy-saving expenditures also may qualify for generous tax breaks that are good for your pocketbook, too.

Here are some tax credits for buying and installing certain types of energy-efficient residential equipment. Read more