Tax Deductions for Energy Efficient Products in Residential Areas

by Travis 18. December 2008 07:33
Residential taxpayers in California who take out a loan to purchase and install energy efficient products and equipment can sit comfortably, knowing that 100% of the interest paid on that load is tax deductible. More specifically, the deduction is for loans from a publicly-owned utility company for the purchase of energy-efficient heating, ventilation, air-conditioning, lighting, solar, advanced metering of energy usage, windows, zone heating products, insulation, and weatherization systems. If you are a customer of a publicly-owned utility company who does not offer customer financing, you may still be able to deduct interest from a home equity or home improvement loan used to purchase energy-efficient products and equipment. While this is all true for California residents, do not hesitate to contact your local city or state agency to find similar savings in your area.

Tags:  General Plumbing & Water | Green in Your Community | Heating & Air Conditioning | Household Appliances | Indoor & Renovation | Lighting & Electricity | Outdoor & Landscaping

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