First, the new plan provides a tax credit for 30% of the costs, up to $1,500, for the following improvements on a property:
- New energy-efficient furnaces, air conditioners, or windows
- Replacing leaky windows
- Adding insulation in attics
The Weatherization Assistance Program will allow Low-income households make energy-efficiency improvements in their homes.
Americans with more expensive homes may be able to refinance their home loans at cheaper rates.
First-time home buyers will get an $8,000 tax credit, provided they buy their homes before Dec. 1.
Homeowners could see additional benefits from the stimulus bill in the form of and the hoped-for market for energy-efficient goods and services.
For the complete article, go to: Low Impact Living: How the Stimulus Bill Can Help Green Your Home : Sustainablog