Keep Your Taxes Green It's tax time - time to fight global warming and save yourself some green at the same time. Federal, state, and local governments offer a range of tax incentives, grants, and loans that will help you save energy, fight global warming, reduce your energy bills, and let you keep more green in your wallet after Tax Day comes around. Best of all, many green tax incentives are not merely tax deductions which simply reduce your taxable income. They are tax credits which directly reduce the size of your tax bill. Some can even be rolled over to the next year! Visit zoomer.sierraclub.org and click on "energy incentives" for a complete list of both federal tax breaks and incentives and those offered by your own state and local governments. Here are just a few examples of: Hybrid vehicle tax credit: this credit varies by make and model, but can up to $3,000. Home energy efficiency tax credit: up to $500 for home improvements designed to make your home more energy efficient, such as new windows or a more efficient heating/cooling system. Residential solar and fuel cell tax credit: up to $2,000 for installation of a solar electric, solar water heating, or fuel cell system. Any excess credit can be carried forward one additional year. Energy subsidy exemption: Any rebates or incentives you receive for energy conservation measures, directly or indirectly, from utilities are not counted as taxable income. Learn more about how you can help make sure these tax benefits continue. Up to Top HOME | Email Signup | About Us | Contact Us | Terms of Use