The IRS offers tax deductions for going green. You’ll need to file a standard 1040 form to take advantage of this benefit. Some states also offer substantial savings.

Below are links to explanations of these deductions for 2007.

Around the Home
Federal:
$$$- The IRS lists all eligible home improvements.
$$$- If you purchased Energy Star Appliances, you can deduct some of their cost.
$$$- All alternative energy purchases made for your home are tax deductible.

State: State deductions vary widely. This link will help you determine your specific state’s benefits.

Cars
Here’s the federal link. and the state link.

By taking advantage of these opportunities for savings, you can greatly reduce the “going green” impact on your budget. And, if you’re like me, you’ll sleep a little more soundly knowing you’re contributing to a better world for our children.

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