federal tax credits

The economic rescue package that Congress passed in October includes significant tax credits for energy-efficient home improvements.  It also extends tax credits for businesses and for the wind, solar and biodiesel industries in order to promote the development and use of environmentally sound technologies.

Texas Impact and our members lobbied hard all year for these tax credits, and we want to make sure Texans have all the information they need to take advantage of them. The clean energy tax credits give us even more financial incentives to make energy choices that are in line with our values—choices that will save energy, save money and help care for Creation!

In October 2008, Congress passed the Energy Improvement and Extension Act of 2008 (H.R. 1424). Texas Impact and our members strongly advocated the environmental renewable tax credits that are included within this legislature. While we post more information about the full reign of these renewable credits over the next few weeks, right now you can find out more about Energy Star appliances which are applicable for these renewable tax credits at the Energy Star website.