Here’s a list of the latest Renewable Energy Tax Incentives now available to residents and businesses in Massachusetts. The highlight being if you can somehow generate hydro-electric power from that attractive water feature in your backyard and hook it up to the grid, you’re good for a $50,000 tax credit from the Commonwealth.
On the other hand, if you’re interested in available Tax Credits for Qualified Hybrid Vehicles.
As part of the Obama administration’s Economic Recovery Plan, the Senate Finance Committee today passed 31 billion in tax breaks and other incentives to boost alternative supplies and promote energy savings. Energy 2.0 feels this is a step in the right direction.
When compared to the estimated 97 to 215 billion spent per year in military expenses needed to secure oil and natural gas reserves around the globe, though, that 31 billion seems more modest. Some of the things the money will go toward include:
Doubling the number of plug-in electric vehicles eligible for a purchaser’s tax credit to 500,000.
Increase the tax credit for service stations that install pumps that dispense alternative energy fuels.
Give homeowners a tax credit equal to 30 percent (capped at $1,500) of the
